First Time Home Buyer Tax Credit

[USC08]

I'd like to know if I would be eligible for this Tax Credit. I closed on a property on 4/15/11.

Can someone give me a website to read more on this?

Thanks in advance.

[mauve]

You have to have been under contract like a year ago and closed by sometime last year, too - I believe the absolute last date to close for it was in September.

http://www.irs.gov/newsroom/article/0,,id=204671,00.html

[Anonymous]

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@USC08 wrote:

I'd like to know if I would be eligible for this Tax Credit. I closed on a property on 4/15/11.

Can someone give me a website to read more on this?

Thanks in advance.

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No, you do not qualify for the tax credit. I closed on my house in November of last year and I missed the cut off. You would have had to have a binding sales contract by 4/30/10 and closed on that contract by 9/30/10 in order to qualify. If you are a soldier who was deployed to a foreign location for an extended period of time, the credit can be extended up to one year after the expiration. Unless this applies to you, you're out of luck

[USC08]

Do you ever think theyll implement another tax credit?

[TheZealous]

I would think no, not anytime soon...