The $8,000 Home Buyers Tax Credit is only available to qualified taxpayers who have not owned a house during the previous three years, and who close by Nov. 30th, among other requirements. Buyers can amend their 2008 returns to claim the credit or claim it on returns for 2009.
However, efforts are being made in various states to find ways to provide the money upfront to buyers who need money for down payments and not next year after they file their federal returns and get refunds. Check with your state housing finance commission or a similar agency.
Sunday, July 12, 2009
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