Tuesday Tax Time: "Get Your Tax Credit Here!"

June 1, 2009 in Tuesday Tax Time | 5 comments

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If you just bought a house in 2009 (before December 1, 2009), and you are a first time home buyer, I have good news for you.  Even if you’ve already filed your 2008 tax return, you can amend your 2008 tax return and claim the $8,000 credit and get your money back now; faster than if you waited to claim the credit on your 2009 tax return!  Form 5405 for the tax year 2008 has been updated to reflect the purchase of a home in 2009 which can be claimed in 2008. 

If you’ve never owned a home, at least within the last three years, and haven’t considered buying a house, now is the time to consider it.  Passing up $8,000 is almost out of the question in this economy.  Listen to the IRS talk about it here (… and in spanish!).

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  1. dawn’s avatar

    dawn on June 4, 2009 at 12:43 pm

    hey jason, does this also apply to building a home as well?

  2. Marc’s avatar

    Marc on June 5, 2009 at 8:08 am

    One of my clients just received his $8,000 from Uncle Sam after amending his 2008 tax return. What a deal.

  3. thriveal’s avatar

    thriveal on June 6, 2009 at 12:18 pm

    Yes! It does apply to building a home as well.

  4. Lauren’s avatar

    Lauren on August 13, 2009 at 9:24 am

    Hey! This is wonderful news!! So what are all the steps I need to take, fill out the 5405 form and the 1040x amendment form and mail it to the IRS?

  5. thriveal’s avatar

    thriveal on August 14, 2009 at 9:24 pm

    That’s it, and you’re $8k richer!