$8000 Tax Credit Info
Posted in the Drexel Forum
Since: Mar 09
#1 Mar 23, 2009
As part of Cubic Realty consumer outreach effort and with the April 15 individual tax filing deadline approaching, Cubic Realty is sending information to educate taxpayers about additional options at their disposal to claim the new $8,000 first-time homebuyer credit for 2009 home purchases.
Under the American Recovery and Reinvestment Act of 2009, qualifying taxpayers who purchase a home before Dec. 1 receive up to $8,000, or $4,000 for married individuals filing separately. People can claim the credit either on their 2008 tax returns due April 15 or on their 2009 tax returns next year.
The filing options to consider are:
File an extension.
File now, amend later.
Amend the 2008 tax return.
Claim the credit in 2009 rather than 2008..
Remember that before you buy any home remember these important facts:
You can seek representation from any agent no matter what the listing company is.
The commission is fixed whether the buyer is represented so why not use it.
The commission to the realtor is almost always paid solely by the seller.
You should check the offender registry BEFORE buying.(free at Cubicrealty.com )
You should check the school ranking report before Buying (free at Cubicrealty.com )
There are more tips and information at http://www.cubicrealty.com
For More info visit.www.Recovery.gov .
To search for New, Foreclosed, Repossessed and all other types visit
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