First-Time Home Buyer Tax Credit 2012

First-Time Home Buyer Tax Credit 2012

Posted in the H and R Block Forum

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Yash

United States

#1 Jan 19, 2012
Hello,

I was just wondering if anybody could confirm the avalability of the $8,000 first-time home buyer tax credit availability for the year 2012. I read at the following link that it has been extended and I quote

"The First Time Homebuyers Credit was extended through April 30, 2012. If you purchased or entered into contract a purchase for your first home between January 1, 2009 and April 30, 2012, you may qualify to file the First Time Homebuyers Credit found in the Credits section of the Deductions Tab. You must "close" on the home by September 30, 2012."

http://www.taxslayer.com/taxlawchanges.aspx

Is this true?? please help.
Eytan Berman

North Andover, MA

#2 Jan 24, 2012
It's incorrect. Only certain military and governmental police veterans can take advantage of the Homebuyer's credit through parts of 2011. I have notified TaxSlayer of their error.
jake

Fishers, IN

#3 Jan 29, 2012
Seen on h&r blocks internet filing that people who purchased one after Dec 31 2010 an before July 31 2011 could quilify for a tax credit is this true
Keba

Panama City, FL

#4 Feb 1, 2012
YES !!
Maggie

Tuscaloosa, AL

#5 Feb 3, 2012
Not true. Just went to do my taxes only for military personal.
Yash

United States

#6 Feb 3, 2012
Thanks guys.
Delbert

Johnson City, TN

#7 Feb 12, 2012
Yeah, thanks also. I'm looking at buying a house on short sale, and was wondering about the first time buyer too.
Scrapper

Fort Worth, TX

#8 Feb 21, 2012
Why did they cancel first times home buyer
for the public
For real

New York, NY

#9 Feb 22, 2012
Scrapper wrote:
Why did they cancel first times home buyer
for the public
Cause it was horse ish that kept prices artificially inflated, should have never been there in the first place to be honest.

That's coming from someone who just bought their first house 2 weeks ago.

Do I want 8000 extra dollars? Yes, but I know that it also artificially inflated prices on the homes I wanted to buy.

The sooner the government lets home prices go back to normal the sooner we can recover.
marie

El Centro, CA

#10 Mar 23, 2012
Only for military personnel. Does anybody knows if it will be available for the rest of us later in time?
JoeUSMC3825

Hampstead, NC

#11 Apr 9, 2012
I am currently active duty in the military and should be closing on my home april 30th 2012, will we be able to receive the first time homebuyers tax credit on our 2013 taxes? Where could I find official confirmation on this?
delilah

United States

#12 Apr 13, 2012
We bought our first home in apr of 2010 and i do my taxs with h&r block. They informed us that we were eligible for the tax credit. The thing is u dont get the full 8000 back we r getting 5000 which is better then nothing. But in order to get that tax credit you had to buy a home before may 1 of 2010.
Christy

Selb, Germany

#13 Apr 25, 2012
Hello,
We are soon to be first time home buyers, will be closing the end of Sept. Will we qualify for the tax credit? We are military also if that makes ay sort of difference.
teresa

Claremore, OK

#14 May 7, 2012
I purchased a an additional home in May 2009 as my principal residence. Do I qualify to ammend my 2009 tax return to receive the first time home buyer's tax credit?
A Realtor

Huntsville, AL

#15 May 16, 2012
teresa wrote:
I purchased a an additional home in May 2009 as my principal residence. Do I qualify to ammend my 2009 tax return to receive the first time home buyer's tax credit?
I do not believe so. It was late in the year when the first time buyer credit was opened up to also include move up buyers who had owned a home for 5 of previous 7 years. That went into affect in November of 2009 I believe. If you had bought your first principal residence before then, yes you could ammend.
A Realtor

Huntsville, AL

#16 May 16, 2012
Scrapper wrote:
Why did they cancel first times home buyer
for the public
It extended for military of gov't personnel who were stationed or working outside of the U.S. during the period of the credit. And maybe calling it "extended" is the wrong choice of words. More better would be that the credit was put in place for 2009-2010. If you happened to live outside of the U.S. during that period and were gone on official business of the gov't, you could use the benefit for up to 1 year later.

Since: May 12

Dallas, TX

#17 May 29, 2012
there are still more grants available here - http://firsttimehomebuyertaxcredit2012.org/
A buyer

Tucson, AZ

#18 Jun 15, 2012
Look on the bright side of things guys, I managed to receive $8500 for buying my first home in 2009. Prices being inflated or not, it sure felt good to receive that money. :) Hopefully this fact is of some comfort to some of you.
Cort

Washington, DC

#19 Jun 28, 2012
I have been all around the block on the "First Time Buyers" tax credit. For non-active duty military thye drop dead date was June 2010 as I recall. But I have been told it was extended to most of 2010. Is there someone or some place I can go to to verify this? [email protected]
Notsohappy

Independence, MO

#20 Jul 9, 2012
I think it's crap the military gets a discount and the rest of us are still out $8000. That's discrimination according to job field. Ridiculous.

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