Participating in the tax credit program is easy. You claim the tax credit on your federal income tax return. Specifically, home buyers should complete IRS Form 5405 to determine their tax credit amount, and then claim this amount on Line 69 of their 1040 income tax return. No other applications or forms are required, and no pre-approval is necessary. However, you will want to be sure that you qualify for the credit under the income limits and first-time home buyer tests. Suggest you go to the following Home Builders link below it has all the info you need.
http://www.federalhousingtaxcredit.com/2009/faq.php
Remember
Call Ruddy when you're ready.
How Escrow Works | Reports on Sales in our Area | Get Pre-qualified | Press Release | Our Homes | Our Featured Homes | Home | Staying Approved | Staging Checklist | Site Map | 15 vs 30 Year Mtg Calc | Rent vs Buy Calc | Mortgage Calculators | Your Dream Home | 9 Steps to Ownership | How to Sell Your Home | Staging Your Home | Our Blogging Area
Copyright © 2012 The RuddysPortions Copyright © 2012 a la mode, inc.Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site MapAll rate, payment, and area information are estimates and approximations only.
