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11-03-2009, 03:29 PM
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A future Mrs!
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Join Date: Oct 2007
Location: Brandon, FL.
1,118 posts, read 851,308 times
Reputation: 191
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Question about $8,000 tax credit and Homestead Exemption
Can someone give me the breakdown on the whole homestead exemption, what it does, where we file, how we file...??
Also, the $8,000 first time home buyers tax credit...I heard you can get that early-how? Is there penalties or fees or is there somewhere in the fine print that you would have to pay it back because you chose to take it earlier than tax season?
Any input would be great!  |
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11-03-2009, 05:52 PM
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Senior Member
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Join Date: Apr 2009
192 posts, read 75,309 times
Reputation: 67
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Just got mine. You can still amend the 2008 tax you filed. In order to cut unnecessary delay (this is what I learn in researching) attache the HUD statement (which I did) and the county filing, if it is ready along with the amended tax form. I got mine (with the interest) in just over a month..
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11-03-2009, 06:06 PM
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Moderator
Status:
"nice and toasty by the fire"
(set 9 days ago)
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Join Date: Jan 2007
Location: foothills of the Appalachians
7,974 posts, read 5,431,166 times
Reputation: 3179
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Congratulations Mquinta.. I know it was stressful.
You just bought your house this month right? I don't know if that makes a difference about filing this year.. You can ask on the real estate forum if you need more info..
You file for homestead exemption at the Hills courthouse. There is info here
Hillsborough County Property Appraiser
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11-04-2009, 08:08 AM
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A future Mrs!
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Join Date: Oct 2007
Location: Brandon, FL.
1,118 posts, read 851,308 times
Reputation: 191
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Thank you!
I am still confused about filing the tax credit thing this year instead of waiting until tax season...
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11-04-2009, 08:35 AM
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Senior Member
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Join Date: May 2007
8,106 posts, read 4,038,806 times
Reputation: 1679
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There is a lot of info on the internet about the tax credits, etc...also about the millions of fraud and how the IRS is checking on it and going after the people committing the fraud, so make sure you get good advise to avoid issues later on.  |
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11-04-2009, 09:07 AM
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Real Estate Agent
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Join Date: Sep 2007
Location: A Cypress Tree Swamp in Carrollwood
2,431 posts, read 1,640,140 times
Reputation: 3011
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Information on the tax credit for first time homebuyers including the necessary forms to file are on the IRS website here --> First-Time Homebuyer Credit: Answers. |
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11-04-2009, 01:30 PM
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A future Mrs!
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Join Date: Oct 2007
Location: Brandon, FL.
1,118 posts, read 851,308 times
Reputation: 191
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Thanks a bunch!
Another question: How long does it take the tax collectors office to change the owner name online through the public record search? It still shows under the previous owner and says it was updated on 11/01/09--we closed on 10/30/09
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11-04-2009, 01:46 PM
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Real Estate Agent
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Join Date: Sep 2007
Location: A Cypress Tree Swamp in Carrollwood
2,431 posts, read 1,640,140 times
Reputation: 3011
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It can take anywhere from 4-8 weeks.
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11-04-2009, 03:43 PM
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A future Mrs!
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Join Date: Oct 2007
Location: Brandon, FL.
1,118 posts, read 851,308 times
Reputation: 191
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WHAT!? LOL-I wanted it to show up immediatly!  Thanks! You're so helpful. I'd give you reps, but it won't let me give you more!
Quote:
Originally Posted by TampaKaren
It can take anywhere from 4-8 weeks.
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11-07-2009, 03:58 PM
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Senior Member
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Join Date: Jul 2007
Location: Tampa Bay
1,343 posts, read 1,059,106 times
Reputation: 260
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news is that another tax credit will be given to new purchasers, even those who've owned a home previously. I think to be eligible, the buyer needs to have lived in their current home for greater than 3 yrs. The credit is about $6k, I think.
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