First Time Homebuyer Tax Credit Chart... Very well put together reference

[DallasLoanGuy]

http://www.realtor.org/wps/wcm/connect/b32db1004d05f6338052c5fd73e5610f/government_affairs_tax_credi...

[MsKiwi]

Thank you Dallas. This could be great news for me and my family since the time limit is longer than initially proposed.

[Anonymous]

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@DallasLoanGuy wrote:

http://www.realtor.org/wps/wcm/connect/b32db1004d05f6338052c5fd73e5610f/government_affairs_tax_credi...

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Has this been approved?  Or is it still pending?  

Thanks for the site, Dallas, I was going to purchase this spring/early summer, but decided I wanted to pay off my car loan now that my credit card debt is gone.  So the purchase has been delayed until late summer/early fall and I was hoping the first-time home buyer's credit would still be there.  

[DallasLoanGuy]

This is a result of the SIGNED bill.

[john398]

So is there a new form # to claim on 2008 taxes or do we still use IRS for 5405 for the $8,000?

[DallasLoanGuy]

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@john398 wrote:
So is there a new form # to claim on 2008 taxes or do we still use IRS for 5405 for the $8,000?

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i haven't heard anything about irs form changes.

i imagine that it will be featured material on irs site 

[Anonymous]

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@DallasLoanGuy wrote:

This is a result of the SIGNED bill.

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Thank you! I was having trouble finding stuff on the internet.  Once said the President already signed it, one said he would sign it, I was confused.

[Lehrer29]

This link has some FAQ's about the new 8,000 credit. Best I've seen at answering questions about it.

http://www.federalhousingtaxcredit.com/2009/faq.php 

[Anonymous]

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@john398 wrote:
So is there a new form # to claim on 2008 taxes or do we still use IRS for 5405 for the $8,000?

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the FAQs linked to in this thread say 5405 is still used.

Message Edited by nature_lover on 02-19-2009 09:29 AM

[westbaymonument]

This is fantastic!  I just closed last week on my first home for $46,000 and have already sent in my amended paperwork.  It is great news to know that it is not a loan and is now a credit if I wait for three years minimum.  Thanks!!!