First-time home buyers can get a tax credit of up to $8,000 thanks to the stimulus bill Obama signed back in February. You qualify if you bought between April 9, 2008, and November 30, 2009. To get the credit, use IRS Form 5405, “First-Time Homebuyer Credit.” Since house prices are going down, the credit isn’t anything to go and sign for a new crib this afternoon. But if you already got a home or were planning to, it’s extra jingle in your coin-purse.
Expanded Tax Break Available for 2009 First-Time Homebuyers [IRS]
(Photo: sssteve.o)
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So Obama’s way out of a recession is another tax break for people that rent their homes from a bank that’ll no doubt start a speculative bubble? Good job Obama :thumbs down:
Thanks to all of you that have been looking to scheme on buying a house for $1 and getting an $8000 credit, even though you won’t be getting it because you can’t read. You’re a real tribute to America and Americans; a true capitalist if I ever saw one. You, my dear friends, are my favorite type of person. May I take you to dinner sometime? Afterwards, we can take a stroll by the pier and I can toss you over the side.