| Pages From the IRS Web Site Click Here to see the very simple Tax Form you would file (Form 5405). And here are the Instructions for Form 5405 To learn more, also see these interesting pages provided by the IRS: Overview of Tax Credit Military and Certain Other Federal Foreign Service Employees About the Extension of the Credit Helpful Q & A's |
| John R. Hastings Associate Broker Licensed in Arizona |
| * * * * Homebuyers' $8,000 Tax Credit * * * * |
| 1st Time Home Buyers' Tax $8,000 Credit - - Deadline Extended and Law Expanded to include Current Homeowners with a $6,500 Tax Credit! This Still Applies - Especially for Active Members of our Military Forces. Individuals who served outside the United States for at least 90 days between Dec. 31, 2008 - May 1, 2010 have an extra year to use the credit. Military Members - Click Here for more details. Everyone needs to know about this great tax credit program which is available for a limited time only. The 2009 Homebuyers' Tax Credit has been extended and expanded to include more buyers. Perhaps you can take advantage of this special tax refund credit to couple with today's low home prices and reasonable interest rates in ways that eliminate many obstacles to purchasing your home. Begin to build your future today!!! But you must act quickly ! Unless you qualify for the special Military extension, to get the credit you must already have an accepted contract in place and the purchase must be completed no later than September 30, 2010 to qualify. Per the IRS you can treat a qualifying purchase in 2010 as if the purchase was done 12/31/2009 so that you can get the Tax Credit check based on the return you file for 2009. Or you can use it on the return you file in 2011, for your 2010 return if that suits your financial situation better. Because I am not a lawyer or tax professional I will not try to explain all the rules and considerations you need to know for this program. However I am available to help you find the right home to fit your budget - and I offer the pages below to help you begin to acquire the knowledge you need about this wonderful Tax Credit opportunity. Get going, learn how you can qualify for this fantastic opportunity, and contact me - and then I'll Get to Work for YOU !! |