This blog has moved!

I moved this blog over to a new server and will no longer be updating from this address (vickilloyd.wordpress.com).  The new URL is http://LiveLakeForest.com

First Time Buyers – Don’t File Your 2008 Tax Return Yet!

The IRS announced today that you may include your first time buyer’s tax credit to your 2008 tax return!  That means you can get $8000 back this year, even if you didn’t buy your house until 2009!

I am not a tax expert, so please check with one to verify this, but the instructions at the IRS website says “for first-time homebuyers who purchase in 2009, the maximum credit is $8,000 and can be claimed on a buyer’s 2008 federal tax return.”

I was really surprised, because I always thought that tax returns could only include the financial activity for the year you are reporting.  If you file before buying a house, maybe you can file an ammended return to get that money sooner.  I’ll contact a couple of tax pros and get some opinions on that in the next couple of days!

I’m moving this blog

I am working on moving this blog off to a new server, so there may be some technical difficulties in the next few days.  Please try again later if you get an error – it will be back!