We’re closing in on the final date to be able to claim the up-to-$8,000 first time home buyer tax credit. Home purchases have to be closed by November 30, 2009. Since it’s taking up to six weeks from contract to close on home loans, a first time buyer needs to have found the house they want, complete negotiations on it and be under contract by the middle of October or sooner preferably, since the end of November is going to be crunch time in closing attorney offices. As I told a client today, if you schedule a closing for November 30, and there’s a hitch and a delay (fairly common), the IRS will probably not cut you any slack on getting the tax credit. Also, finding the right home is something that should not be rushed, so if that’s what you have in mind, better get with it!
HERE is a useful link to the IRS that explains how this works for homes bought in 2009. It includes a link to the proper claim form and several other good informational links.
There are legislators who have proposed extending the time limit, among other changes, but given the political climate, I wouldn’t “bet the farm” on this. This is like timing any market- you won’t know you’ve missed it until you’ve missed it.
If you’re interested in buying a home in the Iredell County or Lake Norman, NC area, give me a call- I happen to be in that business- and let’s get started!
![Po - [Explored]](http://static.flickr.com/7225/7260527994_23e4e5f04b_t.jpg "Po - [Explored]")
is there a website to check the status of when i might be receiving the refund. I sent in my ammended papers and everything with it thru H&R block. still havent received a check. I know it could take 12 weeks but is there a phone number or website to actually check the status on it of when i might be expecting it or if it has been even processed.
Thank you
Cindy
I don’t have any idea, but I would suggest going to the IRS website to see if you can contact them there on how to get the status of your check.
THANK YOU