Ann Arbor buyers here is proof the $8000.00 tax credit is working. Wouldn't you love to share your rebate check?
Begin your home search in Ann Arbor here.
Thanks Sheldon, a Rockin Realtor in N. J. for allowing the re-blog.
This is an actual check from one of my First Time Buyers who bought a home last month, and immediately filed his 2008 tax return - which he had already filed an extension for - and this week received the above check !
... before his home purchase, his return was going to give him a refund of approximately $4,000 !!!! ... as you can see, he qualified for the tax credit, and received $8,000 additional dollars from the government for buying his home.
@@@ FOR FURTHER INFORMATION - BE SURE TO CONSULT YOUR ACCOUNTANT TO SEE IF YOU CAN RECEIVE THIS YOURSELF @@@
Per the IRS.gov website, you may qualify to receive this credit if you meet the following qualifications:
"... qualifying taxpayers who buy a home before Dec. 1, 2009, can claim the credit on either their 2008 or 2009 tax returns. They do not have to repay the credit, provided the home remains their main home for 36 months after the purchase date. They can claim 10 percent of the purchase price up to $8,000, or $4,000 for married individuals filing separately.
The amount of the credit begins to phase out for taxpayers whose adjusted gross income is more than $75,000, or $150,000 for joint filers.
For purposes of the credit, you are considered to be a first-time homebuyer if you, and your spouse if you are married, did not own any other main home during the three-year period ending on the date of purchase."
The credit itself:
- Applies to purchases that close after April 8, 2008, and before Dec. 1, 2009.
- Applies only to homes used as a taxpayer's principal residence.
- Reduces a taxpayer's tax bill or increases his or her refund, dollar for dollar.
- Is fully refundable, meaning the credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax owed.
So if you were considering buying a home this year - be sure to talk to your accountant as you may also qualify to get $8,000 extra dollars for buying your first home !
ALSO: Be sure to check out a post from respected Loan Officer Jeff Belonger explaining how you may be able to receive an 'up front loan' for this credit to use towards closing costs or additional downpayment over your mandatory 3.5% payment on your FHA loan !
@@@PLEASE NOTE: ALL INFORMATION ABOVE DEEMED RELIABLE PER THE IRS.GOV WEBSITE, HOWEVER IS SUBJECT TO CHANGE AT ANY POINT ON ANY DAY ! - CONSULT YOUR TAX ACCOUNTANT BEFORE EXPECTING ANY PORTION OF THIS CREDIT.
@@@@ UPDATED: BELOW IS THE FORM NEEDED TO FILE FOR THIS CREDIT IF YOU QUALIFY - YOUR ACCOUNTANT SHOULD HAVE IT AND WALK YOU THOUGH IT ! GOOD LUCK !
Missy Caulk & Team can be reached at 734-926-9797 or email: Missy@MissyCaulk.com
Our Team of 6 agents are available to help you relocate to Ann Arbor, Saline, Dexter, Chelsea, Milan, Ypsilanti Township, Clinton, Manchester, Whitmore Lake, or throughout Washtenaw County, MI.
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Stay strong, stay faithful, stay honest, stay loving, stay true to who you are, most importantly stay true to who God is as you'll be who you are, and you'll be happy, you'll be you, you'll be free. -Jamie Caulk
Missy, thanks for reblogging this.. I missed it the first time. What a wonderful reminder to new home buyers.. yes it is real.. REAL MONEY FROM THE TREASURY OF THE USA. Get that home bought before the end of this great incentive. Nov 30, 2009!
Wow, that's quite a check. Thanks for also posting this form 5405. Seeing this makes it very real!!
That's quite a healthy check. I like to see that this stuff is real and your photocopies are motivation enough for fencesitters. Good stuff M.
What a fantastic post. Seeing $8,000 written is one thing, seeing a check for it is something completely different. You can taste it. :)
Hi Missy - I'm with Gail - missed Sheldon's post over the week-end - thanks for re-posting! This one put a great big smile on my face this morning! Very very cool.
Hi Missy. I am thinking of reposting your repost!:)
Great news. I feel an energy out there with buyers. Some values being purchased.
The tax credit helps...
Thanks for writing,
Ken
Very smart Missy. Very smart indeed.
Missy, My son has already received his check as well! It is one thing to talk about it but another entirely to see it happen in person!
Missy,
Just so you know, I received mine last week. I had already submitted my taxes in February, so I filed an amendment on Monday, March 31. I got the check almost two months to the day after my closing.
-Josh (@zigziggityzoo)
Josh, yea.....how do you like homeownership? Having fun mowing?
Mowing is alright, I suppose! Lawn is looking better than when I moved in!
We have almost every room painted (two left!) and we're starting to get furniture now that we received our stimulus $$.
Much better than apartment life!
-Josh (@zigziggityzoo)
I love seeing hard proof from trusted sources. Thank you for sharing this info with us!
Missy, Wonderful re-blog. I'm sure that check was a welcome sight for everyone involved!
Wow that sure must be a great feeling to get a check in the mail like that. I can only dream:)
Missy, I've been swamped and missed it too. Just shows why re-blogging IS a good idea. Love seeing the check. How motivating is that! :)
BTW, How did the job interview go?
Great for re-blog Missy! It is so wonderful seeing this come to fruition--can't wait to SEE a few of these from my clients too!
Missy,
This puts a face on this tax credit rebate doesn't it. I bet you posted this one on localism:)