Sean Cutright's Blog
1,734 viewsAP: Homebuyer tax credit only good through end of August
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From Sean Cutright's blog:
In digging through the scattered details of the homebuyer tax credit of the economic stimulus bill, I have occasionally found a new update here and there.
The latest? That the now-$8,000 homebuyer tax credit is only good for homes purchased by the end of August.
The article, which can be found here, states:
"A $15,000 tax credit for anybody buying a home over the next year was dropped; instead, first-time homebuyers could claim an $8,000 credit for homes bought by the end of August. Car buyers could deduct the sales tax they paid on a new car but not the interest on their car loans."
I'm not sure why the credit is only good for homes purchased within the next seven months, but I'll be looking to find out.
-Sean Cutright
In digging through the scattered details of the homebuyer tax credit of the economic stimulus bill, I have occasionally found a new update here and there.
The latest? That the now-$8,000 homebuyer tax credit is only good for homes purchased by the end of August.
The article, which can be found here, states:
"A $15,000 tax credit for anybody buying a home over the next year was dropped; instead, first-time homebuyers could claim an $8,000 credit for homes bought by the end of August. Car buyers could deduct the sales tax they paid on a new car but not the interest on their car loans."
I'm not sure why the credit is only good for homes purchased within the next seven months, but I'll be looking to find out.
-Sean Cutright
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