Death, Taxes, and The Buyers Credit

Death and Taxes.  Feared, loathed, and certainly inescapable, right?

Probably, but let’s take a bite out of the tax man with the Recovery Act’s $8000 Buyers Tax Credit for first time homebuyers. 

Perhaps, like me, you hate what Washington is concocting now, with spending at a rate that dwarfs the economies of all the nations of the world, from the beginning of time!!  And, perhaps like me, you see yourself as wanting to fall back into gentler and easier times,  filled with hope and expectation, with family, friends and neighbors involved in making your life the best it can be.

As we’ve told you, the Recovery Act of 2009 makes an $8000 tax credit available to anyone who is a first time homebuyer, and who meets some very easy criteria.  Once you’ve purchased a home, by December 1, 2009 (NOTE:  It’s December 1, NOT December 31), you have the option of filing a return for 2009 and claiming your $8000 credit, OR you can actually amend your 2008 return if you have already filed it, and the government will assume (for tax purposes) that you purchased the home on December 31, 2008.  If that’s what you want to do, then you can immediately claim and receive your $8000 check back, just as soon as you close escrow on your new home.

Contact us here, or start searching for homes today, and then lets’ talk about why anyone who is thinking about a new home purchase now, should probably stop thinking, and start doing.