Sunday, November 15th, 2009

Can I get grandfathered to the 2009 1st time homebuyer tax credit from the 2008?

Homebuyer tax credit
scubastang21 asked:


I closed on a house Dec 29th 2008 and qualify for the 1st time homebuyer tax credit. I thought at the time they were abolishing the credit at the end of 2008 but instead they sweetened the deal by upping it $500 and allowing you not to repay the credit. Is there any way to get the 2009 deal even though I closed in 2008???

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5 Responses to “Can I get grandfathered to the 2009 1st time homebuyer tax credit from the 2008?”

Robert E. Lee Says:
November 18th, 2009 at 11:29 am

No, there are strict time limits.

Wayne Z Says:
November 19th, 2009 at 8:06 pm

No.

To get the new $8000 credit, you must have closed between 1/1/09 and 11/30/09. There are no exceptions.

The original $7500 was supposed to go through 6/30/09.

Bash Limpbutt's Oozing Cyst© Says:
November 23rd, 2009 at 5:32 am

No chance. Sorry.

Jss Says:
November 24th, 2009 at 10:14 am

You can only get $7,500 refundable credit; interest free loan.

tro Says:
November 26th, 2009 at 1:01 am

if you qualified for the 2008 credit you can amend your 2008 return
was there a deadline for 2008? there is for 2009, Nov. 30 and since you closed so late, Dec. 29, I am not sure you are eligible

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