Comments on: Home Buyer Tax Credit Extension and Changes

By: Randy Hooker

Randy Hooker — Wed, 24 Feb 2010 18:27:04 +0000

Rasheed, based on the info you provided, it would appear that would still qualify for the tax credit. You have to be under contract before the end of April 2010, and close by the end of June 2010. Your income has nothing to do with it. Here’s a link to a chart that will give you more details about the tax credit: http://blog.dreamcatcherrealty.com/2009/11/home-buyer-tax-credit-extension-and-changes/

By: Rasheed

Rasheed — Wed, 24 Feb 2010 14:51:52 +0000

I was in contract in November 15 2009, but It seem like I won’t be closing until March 2010. I made 79,000 this year. Do I still qualify for the new homebuyers credit?

By: Randy Hooker

Randy Hooker — Sun, 21 Feb 2010 18:00:36 +0000

Carolyn – If you purchased in 2010, then the tax credit would be applied toward your 2010 tax return. If you’re still in doubt, then be sure to check with your tax adviser or CPA. BTW, congrats on your new home!