Homebuyer tax credit bill passes Senate

[edna_mode]

And the beat goes on (Washington Post):

http://preview.tinyurl.com/yd5pv63

The bill, which is likely to be approved by the House later this week, would provide unemployment benefits of at least 14 weeks for people out of work. Those in the more than two dozen states with unemployment rates above 8.5 percent would receive up to 20 weeks of the benefits. The measure would also extend through April 30 a $8,000 first-time homebuyer tax credit that was passed earlier this year and create a new $6,500 credit for homebuyers who have been in their current residence for the last five years or more.

It the Return of the Son of the Bride of the Dawn of the Dead (Housing Market). Not law yet, but just a heads-up of the likely provisions.

[BWell_SoCal]

So, if this bill is made law, will I be able to amend my 2008 tax returns to claim the remainder of the credit that I missed out on? I was only given a partial credit due to having an income higher than $75,000 as a single individual. It seems this new bill raised this limit.

[BWell_SoCal]

So, if this bill is made law, will I be able to amend my 2008 tax returns to claim the remainder of the credit that I missed out on? I was only given a partial credit due to having an income higher than $75,000 as a single individual. It seems this new bill raised this limit.

[BWell_SoCal]

So, if this bill is made law, will I be able to amend my 2008 tax returns to claim the remainder of the credit that I missed out on? I was only given a partial credit due to having an income higher than $75,000 as a single individual. It seems this new bill raised this limit.

[BWell_SoCal]

So, if this bill is made law, will I be able to amend my 2008 tax returns to claim the remainder of the credit that I missed out on? I was only given a partial credit due to having an income higher than $75,000 as a single individual. It seems this new bill raised this limit.

[BWell_SoCal]

So, if this bill is made law, will I be able to amend my 2008 tax returns to claim the remainder of the credit that I missed out on? I was only given a partial credit due to having an income higher than $75,000 as a single individual. It seems this new bill raised this limit.

[pemeliza]

I don’t think the bill is retro-active. It sucks for me also because I bought in October and would have qualified for the $6500 move-up credit. Oh well, you can’t predict the government!

[pemeliza]

I don’t think the bill is retro-active. It sucks for me also because I bought in October and would have qualified for the $6500 move-up credit. Oh well, you can’t predict the government!

[pemeliza]

I don’t think the bill is retro-active. It sucks for me also because I bought in October and would have qualified for the $6500 move-up credit. Oh well, you can’t predict the government!

[pemeliza]

I don’t think the bill is retro-active. It sucks for me also because I bought in October and would have qualified for the $6500 move-up credit. Oh well, you can’t predict the government!

[pemeliza]

I don’t think the bill is retro-active. It sucks for me also because I bought in October and would have qualified for the $6500 move-up credit. Oh well, you can’t predict the government!

[freshman]

[quote=pemeliza]I don’t think the bill is retro-active. It sucks for me also because I bought in October and would have qualified for the $6500 move-up credit. Oh well, you can’t predict the government![/quote]

You may not qualify $6500 either, because the bill would start on Dec 1.

http://blogs.wsj.com/developments/2009/10/29/qa-the-home-buyer-tax-credit-extension/

[freshman]

[quote=pemeliza]I don’t think the bill is retro-active. It sucks for me also because I bought in October and would have qualified for the $6500 move-up credit. Oh well, you can’t predict the government![/quote]

You may not qualify $6500 either, because the bill would start on Dec 1.

http://blogs.wsj.com/developments/2009/10/29/qa-the-home-buyer-tax-credit-extension/

[freshman]

[quote=pemeliza]I don’t think the bill is retro-active. It sucks for me also because I bought in October and would have qualified for the $6500 move-up credit. Oh well, you can’t predict the government![/quote]

You may not qualify $6500 either, because the bill would start on Dec 1.

http://blogs.wsj.com/developments/2009/10/29/qa-the-home-buyer-tax-credit-extension/

[freshman]

[quote=pemeliza]I don’t think the bill is retro-active. It sucks for me also because I bought in October and would have qualified for the $6500 move-up credit. Oh well, you can’t predict the government![/quote]

You may not qualify $6500 either, because the bill would start on Dec 1.

http://blogs.wsj.com/developments/2009/10/29/qa-the-home-buyer-tax-credit-extension/

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