I misreported the credit for which single tax payers could qualify. It is up to $7500 if you close between for homes purchased on or after April 9, 2008 and before July 1, 2009.
Please see the following link for more detailed information.
http://www.federalhousingtaxcredit.com/faq.php
Thursday, September 18, 2008
TAX CREDIT CORRECTION
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That's a lot of money, u could just lower your with holding and get the $7500 back right away.
ReplyDeleteI just don't think everyone realizes how big a deal this is!!
Gary
Keep in mind, it is an interest free loan. It does have to be paid back.
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