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Off topic - First time homebuyers tax credit.

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Haskel LaPort

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Nov 5, 2009, 9:16:41 AM11/5/09
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The senate passed an extension of the first time homebuyer tax credit and
also increased income levels.

"The level of qualifying income has also been expanded, allowing individual
taxpayers who make up to $125,000 and joint filers earning up to $225,000 to
qualify. The earlier credit had been limited to individuals earning up to
$75,000 and couples earning up to $150,000."

Does anyone know if the increased income limits apply to home purchases in
2009 made prior to the November 3rd extension?

dpb

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Nov 5, 2009, 9:31:11 AM11/5/09
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All I know is this...

<http://tax.cchgroup.com/news/headlines/2009/nws103009.htm#2>

Might post the question to misc.taxes.moderated -- they keep up pretty
well over there.

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Haskel LaPort

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Nov 6, 2009, 11:40:23 AM11/6/09
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"dpb" <no...@non.net> wrote in message
news:hcunt3$lh0$3...@news.eternal-september.org...

Haskel is banned from the group. I wonder why?


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dpb

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Nov 6, 2009, 12:45:29 PM11/6/09
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Haskel LaPort wrote:
...

>> Might post the question to misc.taxes.moderated -- they keep up pretty
>> well over there.
>
> Haskel is banned from the group. I wonder why?

No clue unless didn't behave himself at some point...

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Haskel LaPort

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Nov 6, 2009, 4:53:25 PM11/6/09
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"dpb" <no...@non.net> wrote in message
news:hd1nbq$c2b$1...@news.eternal-september.org...


Found the answer. New rules only pertain to home purchases after November
5th 2009 to June 30, 2010


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dpb

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Nov 9, 2009, 5:03:23 PM11/9/09
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Don't know if that answered all questions you had; just noticed there's
a current thread that talks about some of the dates and provisions
around the transition question between old/new legislation if interested...

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Haskel LaPort

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Nov 10, 2009, 6:33:45 AM11/10/09
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"dpb" <no...@non.net> wrote in message
news:hda3jc$c2h$3...@news.eternal-september.org...


I am following the threads.


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