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Established Member
Posts: 53
Registered: ‎03-29-2009
0

The IRS mailed our $8,000 check today!

Plus almost $100 in interest. Woo-hoo! Smiley Very Happy
Regular Contributor
Posts: 203
Registered: ‎03-08-2009
0

Re: The IRS mailed our $8,000 check today!

Wow, awesome! How long did it take for them to mail it? I didn't even think about the prospect of interest...sweet!
TU 674 6/13/09
EQ 662 6/13/09
EX 660 8/6/09 (FICO from LO)

I'M A HOMEOWNER!! Closed 9/10/09!
Regular Contributor
Posts: 166
Registered: ‎01-13-2009
0

Re: The IRS mailed our $8,000 check today!

How did the interest come into play?
Fico Scores:

1/13/09 EQ-525, EX-519, TU-515
7/21/09 EQ- 616, EX-603, TU-652
(EX scores from LO)
7/24/09 EQ-626, EX-603, TU-652...Now we can get our home!
Established Member
Posts: 53
Registered: ‎03-29-2009
0

Re: The IRS mailed our $8,000 check today!

I didn't think about interest either. They said you get interest backdated to when you filed. We filed on June 1 and they received it in the Philadelphia office on June 4.
Established Member
Posts: 39
Registered: ‎07-21-2009
0

Re: The IRS mailed our $8,000 check today!

dkjay, Just out of curiosity how much was the house you purchased? Congrats.
New Contributor
Posts: 68
Registered: ‎05-26-2009
0

Re: The IRS mailed our $8,000 check today!

I thought this had to be filed in conjunction with your tax return after you closed on the house? So did you file $8000 credit separately from your 2008 tax return?

Grill Master now has a house! Closed 8/26. Yay!
Established Contributor
Posts: 602
Registered: ‎02-06-2009
0

Re: The IRS mailed our $8,000 check today!

You can claim with your 2009 taxes or you can amend your 2008 return which is what most people seem to be doing Smiley Happy
New Member
Posts: 3
Registered: ‎07-08-2009
0

Re: The IRS mailed our $8,000 check today!

Congrats (on the tax credit and the new home!)
Established Member
Posts: 53
Registered: ‎03-29-2009
0

Re: The IRS mailed our $8,000 check today!

Thanks! Our house was $127,500.
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Established Member
Posts: 39
Registered: ‎07-21-2009
0

Re: The IRS mailed our $8,000 check today!

DKJay,

 

I'm confused.   I thought per the http://federalhousingtaxcredit.com/2009/glance.php   the refund was only 10% of the purchase price.  Did you really get the $8,000 check?  Am I missing something with this tax credit law? 

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