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Reload this Page What do you know about the first-time home buyer tax credit?
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Old 11-30-2008, 02:31 PM
JH6
 
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I'm getting this tax credit (loan)..

It is 10% of the home selling price of 7500 which ever is less..

It will be under 5000 for me.

I'll take the money, stuff it in an interest earning account, and keep it for a Nest Egg for emergency use...
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Old 02-03-2009, 08:24 AM
 
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Does anyone know if I can still itemize (attach Schedule A to my 1040) and still claim the First Time Homebuyer credit?
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Old 02-08-2009, 02:00 PM
 
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Quote:
Originally Posted by benna12 View Post
Does anyone know if I can still itemize (attach Schedule A to my 1040) and still claim the First Time Homebuyer credit?
Yes, you can...one has nothing to do with the other.
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