Loading ...
August 2009 Tax Update
Friday, August 21st, 2009The First Time Homebuyers $8,000 Federal tax credit will expire 31 Nov 2009. You must close escrow on or before/no later than 31 November 2009 to receive this credit.
Yes you may amend your 2008 tax return to claim the credit, or just add it to your 2009 tax return. If you have a liability this tax credit will be used against that balance. So there could be some tax planning for 2009. If you feel you might owe taxes for 2009, then wait and (more…)