New Home Buyer Tax Credit: 7 Things You Need to Know

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Hi, I just came across the $8000.00 house buying credit , my boyfriend just bought a used mobile home last April 2012. Can he get info on this and help please. He didnt know about this until now. Please contac back please and thanks.

Susan Durall of IN 9:27AM January 29, 2013

I sold my home on Oct 2005 and claimed it on my 2005 taxes. then in June of 2008 i signed for the pruchase of my new home, which i am still in, and claimed the credit under the original law' as the free tax service offered " anyone who is purchasing a home between April 1, 2008 and June 30 2008, and has not owned a home in 3 years can take the sredit, I did. now i have spent the last 15 months fighting the IRS that if i filed the old home sale on the 2005 tax year (making it 05-06-07) that my pruchase in 08 and claim should be accepted. It was rejected because the IRS now goes by the number of days and not the filing year! Has anyone ever heard of that. I am now being held responsible for taxes, interest and penalties. id there anyone that can shed some light on what to do? I am on disability and limited income each month. This situation is a nightmare.can i refile the purchase under another year? I cannot afford a lawyer

Jim Speiser of TN 12:56AM March 20, 2012

i purchase a home in 2010 the seller acepted my offer in the beggining of march we sign the paper on 3/27/2010 my clossing was on 5/24/2010 know the irs is charge me almost 10 dousand dollars. are they making a mistake? my tax agent and my realtor told me that i will get the first time home buyer.

jeanette of CT 3:22PM February 05, 2012

I bought my home in 2008. I have to repay the stimulus while those who have bought their home since then do not. Why don't they ammend that? I only got the stimulus to do some of the many repairs the house needed.

Chris of OH 9:46AM February 02, 2011

Give current homeowners a stimulus....Give us $8000 for home improvement, and let us pay back $4000, interest free! We all need a break!

T of IN 3:44PM September 24, 2010

I SIGNED A CONTRACT IN JUNE, 2010. It is September 10, 2010 and I still have not closed. Is it too late for me?

Wilma Sturdivant of MS 5:01PM September 10, 2010

thy said that i could't buy ahome because my credit score was too low(450 or490)but im buying a home allready.never late paying over 800.00 a mos.do low credit score cause you not to buy a other home.

ruth brown of VA 4:14PM July 05, 2010

Right now its June 26, 2010, I'm just starting the paperwork for fiancing, I'm a first time homeowner...I guess I'm out of luck. I hope there is one more extension before it goes away.

Donna of CT 1:24PM June 26, 2010