First Time Home Buyer Tax Credit: Don’t Let These Items Eat Up Your Anticipated Credit
June 17, 2009 by Lisa Heindel
Filed under For Buyers, Real Estate Talk
Many first time home buyers are jumping into the real estate market, determined to find their dream home before the expiration of the 2009 Homebuyer Tax Credit on November 30, 2009.
Before you start counting on that $8,000 check from Uncle Sam, be sure that there won’t be any surprises come tax time.
Did you know that your tax credit could possibly be reduced for the following reasons?
- Outstanding garnishments against your wages
- Unpaid student loans
- Unsettled obligations to the IRS
As always, you should check with your accountant or other tax professional for advice regarding your specific situation.
The West Bank Living Team provides local, professional real estate services to buyers, sellers and military relocations to and from NAS JRB New Orleans. It would be our pleasure to assist you with all of your real estate needs.
Great info, thanks for the heads up!
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