Hi FTHB’ers,
Yes I know today is Wednesday and I usually post on Friday’s but I had a meeting about how the revised tax credit is going to work today and I thought I would share a very important yet minor detail.
Most people still think that once you buy your home, you can file an amendment to your 2008 Federal Tax return and then get your $8000 tax refund immediately. There has been a date change, if you closed on your new home purchase by November 7, 2009 then you would have been able to apply an amendment to your 2008 however if your closing date was after November 7, 2009 then you must wait until you file your 2009 tax returns.
Just a tid bit that may save you a big surprise when you try to file for your money and Uncle Sam, the tax man tells you, you will have to wait a few months.
Have a great day!
$$MwM$$
