Question by Marxist Radicals R Destroyers: Why Did The Democrats Today Oppose Extension On 8k First Time Home Buyer Tax Credit?
The republicans pushed for it, but majority democrats – did not.
They wanted to extend unemployment benifits another 6 weeks- but not the home buyer tax credit? Why do you think that is? Don’t they want the banks to be saved?
Answer by Tucking Fypos Cut spending, don’t cut spending, make up your mind.
Question by leoachilles: First time home buyer credit extension if never filed before?
I heard that if I bought a house in 2006 and never filed for the credit it can be done so now with some sort of exemption policy. Anyone know about this?
Answer by Steve D There was no first time home buyers credit in 2006, so there was nothing to file for and as such, there is no exemption or extension..
Question by : First Home Buyers Tax Credit Military Extension?
I deployed in December of 2009. Will I still qualify for the Military Extension for First Home Buyers Tax Credit? I’ve read a ton of sites and it’s very unclear, I’ve read for 90 days between jan1 2009-may31 2010, I’ve read 90 of the days has to be in 2009. I’m just looking for a concrete answer as I close on my house in jan 2011 and I’m trying to see if I qualify.
Answer by Iffy No it is over. You missed even the extension
Question by prezkelly2485: Do I qualify for the military extension of the first time home buyer tax credit?
I am married and my husband has met the criteria of being deployed for more than 90 days in the last year. If he isn’t on the home loan, will I still receive the extension of the tax credit?
Answer by Ryan M He must be on the loan to qualify and the title. If he is not part of the loan, then there is no reason why you can not meet the original deadline. The whole point of the extension is FOR service members who served overseas.
Question by V: First time home buyer tax credit extension for income limit ?
We closed on a home in Oct 2009. The new extension of tax credit has a income limit of 225k for couples. Will we qualify for that limit or will the limit be 150k for us ? Please let us know.
Answer by Judy I haven’t seen the text of the new bill, and actually it’s not law until it’s signed although that’s likely to happen quickly. But odds are that the extension just applies to closings after Nov 30, and that the old limits will apply to you.
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