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Thread: 15,000 first time home buyer credit

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  1. #1
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    yeah all in the paper too. 15,000 or 10% and u dont have to pay it back.... im closing on my house and the end of this month so hopefully it passes b4 then.. plus they said if uve bought a house within a year.. so im not sure if that was including a year earlier or a year later... but u can use it for 2008 taxes. should be passin that bill within the next few days if it hasnt passed. ethier way its gunna save me this year in taxes bc im self employed and im gunna owe like 15-20 thousand

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    Quote Originally Posted by Jeff
    yeah all in the paper too. 15,000 or 10% and u dont have to pay it back.... im closing on my house and the end of this month so hopefully it passes b4 then.. plus they said if uve bought a house within a year.. so im not sure if that was including a year earlier or a year later... but u can use it for 2008 taxes. should be passin that bill within the next few days if it hasnt passed. ethier way its gunna save me this year in taxes bc im self employed and im gunna owe like 15-20 thousand
    i hope so.

    i got the "7500 credit" on my taxes i jsut had done.

    my tax preparer said taht it may turn into not having to be paid back, due to the new bills.

    if so. that would be A-mazing. if not, 500 a year, that comes out of what i would get back wont be soo bad.
    And miles to go before I sleep,
    And miles to go before I sleep.

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