Comments on: Report: $8,000 Homebuyer Credit Finds Its Way Into Stimulus

By: $6500 Home Buyer Tax

$6500 Home Buyer Tax — Thu, 26 Aug 2010 08:35:18 +0000

We would like know about the $6500 second home buyer tax incentive and do we receive a check at closing?
We are closing on a house next week and we are wondering how we receive the $6500 tax incentive. Is it a check at closing or do we receive it filing our taxes next year?

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By: Benny

Benny — Sun, 12 Apr 2009 00:18:07 +0000

I managed to find comprehensive info on this issue from here

http://www.techbanyan.com/3613/8000-tax-credit-...

From what the above site says, this is only for first time home buyers and that too in a limited given period. Also, its not really a tax credit as much as a tax deduction because whatever amount you spent based on the purchase, that same amount you can claim from your next years tax return.

By: Benny

Benny — Sat, 11 Apr 2009 17:18:07 +0000

By: creditlook

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By: 8000 tax credit

8000 tax credit — Tue, 17 Feb 2009 00:28:31 +0000

Also note that the package says: 8.000,- OR 10 % of the homes value wichever is less. not sure if some houses has a value above 80.000,-. And don't forget: its just for the 2008 and 2009 taxes.

By: bob

bob — Sun, 15 Feb 2009 12:49:35 +0000

More wrong info…12.31/08 to 12/1/09 is the purchase time frame

By: Jen

Jen — Fri, 13 Feb 2009 18:56:59 +0000

You will not have to pay the credit back from what I understand. The bill already passed in the House and the Senate vote starts in an hour or so.

By: DH

DH — Fri, 13 Feb 2009 04:24:29 +0000

Good luck tracking anything down….after ACORN get this bozo reelcted (the first Kenyan President), and we start giving aid to illegal aliens…..game over. No need to track anything down except your place in line for bread and water ;)

By: Peggy

Peggy — Fri, 13 Feb 2009 00:34:20 +0000

Is the credit refundable?