Expanded tax break available for 2009 first-time homebuyers
Last updated 3/5/2009 at Noon
SAN DIEGO — The Internal Revenue Service (IRS) announced February 27 that taxpayers who qualify for the first-time homebuyer credit and purchase a home this year before December 1 have a special option available for claiming the tax credit either on their 2008 tax returns due April 15 or on their 2009 tax returns next year.
Qualifying taxpayers who buy a home this year before December 1 can get up to $8,000 or $4,000 for married filing separately. “For first-time homebuyers this year, this special feature can put money in their pockets right now rather than waiting another year to clai...