Comments | ocnative: First time homebuyer tax credit info

ocnative

First time homebuyer tax credit info

Feb 25, 2009 16:38

I will reserve my opinion on this and post it for those who may be debating buying this year:

Low Down on the $8,000 First-Time Homebuyer Tax Credit

If you’re still on the fence about acquiring a home, then Uncle Sam has just thrown an extra incentive for those of you that’s still debating on waiting further or buying - a nice fat, $8,000 incentive ( ( Read more... )

money

Comments 8

chapstickqueen February 26 2009, 02:09:21 UTC

So now Eric not only wants to move to Portland ASAP this year, he wants to BUY a place there ASAP. Oy.

chickenboo42 February 26 2009, 21:53:39 UTC

Seriously.

This sorta just makes me sad cause we're going to miss out by like, a year, probably. There's no way we're going to make it anywhere in the next year.

UGH. WANT.

ocnative February 26 2009, 22:23:17 UTC

Actually the traditional first time / first year homeowner credit is very nice. I'm not entirely sure how much different this one is.

ocnative February 26 2009, 22:22:26 UTC

Too funny! But you're the one bringing home the bacon, ha ha!

syven February 26 2009, 04:20:33 UTC

I worked (and was taught by the IRS) as team leader for the tax center on post in Germany 3 years ago. There was a very large tax break for first time home owners then and I've seen it on the Turbo Tax questions in the same vein in the years since. I wish I could remember the exact numbers but they were easily comparable to what you have here.

ocnative February 26 2009, 22:25:05 UTC

Yeah I can't remember what mine was, but I remember being VERY happy my first year as a homeowner!

Do you happen to know if this would apply if my husband and I bought a place and he would be a first time homebuyer? I own our condo, but he has never owned a home. I don't see that question answered in the places I've looked.

pixiebelle February 26 2009, 05:03:51 UTC

I really would like to buy a home once I accept a job (hopefully back in MO), but not sure we qualify. While I have never bought a home, James owns a duplex (we technically bought it together, but only his name was on the mortgage and deed, I forget why we did it though).

ocnative February 26 2009, 05:59:05 UTC

Yeah I am in the same boat. I own our place, but Chris has never owned anything. I wonder if he went first, if that would count...?

Not that we are in a position to buy...