Need Help with the Tax Credit

I mentioned the new First-Time Home Buyer Tax Credit  in a February Post.  The credit for $8000 is a great incentive to buy now!  You can recieve free money, get a great deal on a home, and get an amazingly low interest rate in today’s real estate market.  However, with the changes to the tax credit in February and the tax deadline fast approaching, many buyers are unsure how they can recieve the money this year. 

Well, the IRS recently released an article which might answer some of those questions.  You do have options!

  • You can File an Extension – Up to Six Months
  • You can File Now and Amend it Later – Or if you have filed early you can amend now
  • You can wait to claim the credit in 2009 – If you may have less income in 2009 then this could make more financial sense

Always check with your CPA or tax consultant for tax advice; but this article to the IRS may help answer a few of your questions!


About Kathryn Stelljes PA

I am a Realtor in the Downtown Orlando area. I have earned a Bachelor's Degree in Marketing and a degree in Residential Planning. My background in these design fields has advanced my ability to sell in the realm of residential real estate. As a native Floridian and resident of Downtown Orlando I understand the growing needs for homeowners in the Central Florida home market and specifically the Downtown market. I enjoy sharing information about businesses, fun events, and the historic homes and neighborhoods that make Downtown Orlando such a unique and vibrant place to live. I love Italian Greyhounds, old houses, interior design and design blogs, social media networking, and anything marketing related.
This entry was posted in Economy, First Time Home Buying and tagged , . Bookmark the permalink.

Tell me what you think

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s