I bought my house in Feb of 2008 how come I can't get the $8000 tax break???!?!?!?!?

In doing my taxes I see that if you bought a house after April of 2008 you can get up to $8000... I bought my house in Feb. why can't I get any of this money?!

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  • 1 decade ago
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    Simple because Feb is before April. and it was not 8000. last year it was up to 7500.00 if house was under 75000. it would only be 10% of price of the house. and if you income was larger the amount of credit lowers. Sorry

  • 4 years ago

    you're actually not eligible for the $8000 credit in case you purchased in 2008. That credit grew to become into no longer made retroactive to 2008. you are going to be eligible for the 2008 $7500 reimbursable credit.

  • 1 decade ago

    First off, the FTHB is $7,500, not $8,000. You don't qualify because you closed in Feb, 2008, which is outside of the eligibility window.

    The intent of the credit (actually an interest-free loan) was to help trigger people to buy a home. You had already bought a home so they weren't interested in throwing you a bone.

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