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Author: RBMunkin Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 118606  
Subject: home buyer's credit Date: 1/31/2012 12:56 PM
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Hi,
According to my google search, the first time home buyer's credit is over. Ended for 2010. Does not exist for 2012.
But taxes, and the sources of information, can be very confusing and sometimes wrong. So I thought I'd double check here.

Is that right - that the credit is no more? :(

Thanks,
RB
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Author: aj485 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 114798 of 118606
Subject: Re: home buyer's credit Date: 1/31/2012 1:34 PM
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According to my google search, the first time home buyer's credit is over. Ended for 2010. Does not exist for 2012.
But taxes, and the sources of information, can be very confusing and sometimes wrong. So I thought I'd double check here.

Is that right - that the credit is no more? :(

Yes. It was started in 2008, and got extended a couple of times. But unless you entered into a contract to purchase by April 30, 2010 and closed on the purchase by September 30, 2010 you are too late to take advantage of the credit.

Here's a link to the IRS website that has more details: http://www.irs.gov/newsroom/article/0,,id=204671,00.html

AJ

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Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 114799 of 118606
Subject: Re: home buyer's credit Date: 1/31/2012 1:45 PM
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According to my google search, the first time home buyer's credit is over. Ended for 2010. Does not exist for 2012.

IIRC it's still available in 2011 if one was in Government service overseas, but otherwise, no.

Phil
Rule Your Retirement Home Fool

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