When Can You Get The First Time Home Buyer Tax Credit?

said on December 18th, 2009 categorized under: Tax Credits

filling out tax formIf you buy a Minneapolis duplex before the end of the first time home buyer tax credit ends on April 30, 2010, can you get your $8000 check now or do you have to wait until you file your 2010 returns?

After all, the original version of the credit  could be claimed against 2008 or 2009 taxes.

The good news is for all qualifying purchases in 2010, first time owner occupant duplex buyers can take the credit on either their 2009 or 2010 tax returns.

However, anyone who purchased a property after November 6, 2009, needs to use a new version of Form 5405, which should be issued by the IRS in the next few weeks.