Homebuyer Tax Credit Countdown
The clock is ticking on the $8,000 first-time home buyer and $6500 homeowner tax credits. Buyers must have a binding written contract in place by April 30 and must close on the property by June 30.
To claim the tax credit on their 2009 return, home buyers must fill out IRS form 5405 to determine the amount of their available credit; apply the credit when they file their 2009 tax return or file an amended return, and attach the documentation to the return or amended return.
It’s all About You,
Brad Applegate
FC Tucker, Indianapolis
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