First-Time Homebuyer Credit Provides Tax Benefits to 1.4 Million Families to Date
The
IRS has released IR-2009-083 reporting that about 1.4 million taxpayers have
filed (or amended) their 2008 income tax returns claiming the $8000 first-time
homebuyer tax credit. The IRS release also reminds taxpayers of the importance
of getting to closing before the December 1 expiration of the credit and
publicizes a YouTube video it has prepared to help taxpayers understand the
basics of the credit. NAR continues its full court press to extend the credit
into 2010. Read the IRS press release.