There is also additional information on other tax deadines on the Dempsey Vantrease & Follis website.
Mike Hallum, CPA
The deadline for being entitled to the first-time homebuyer tax credit is fast approaching. The credit sunsets after November 30, 2009. The 2009 Recovery Act raised the maximum credit to $8,000 for 2009. Individuals have until November 30, 2009 to make a first-time home purchase that qualifies for the $8,000 credit. A “purchase” for this purpose takes place when title closes (that is, at the “closing”) and not when the contract of sale is signed. There are income limits, so call for additional information.
Tags: Certified Public Accountants, Dempsey Vantrease & Follis, Tax Credits