Comments on: Tax Breaks In Stimulus Bill for Buying a Home Or a New Car

By: Annie44

Annie44 — Fri, 26 Feb 2010 03:51:30 +0000

I bought a house on february 28, 2008 and also bought a car on March 18,2009 and i am an first time home buyer. So do i qualify for the tax credit

By: TFB

TFB — Mon, 22 Feb 2010 17:55:08 +0000

karla – For your purchase you have to qualify as a first-time home buyer, which is defined as someone who has not owned a principal residence during the three-year period prior to the purchase. I’m sorry to say your one-month overlap killed your tax credit.

By: karla

karla — Mon, 22 Feb 2010 17:23:54 +0000

bought a new home in april, 2009.
foreclosed on a home in may, 2006 does our new purchase qualify as a credit?

By: g noe

g noe — Wed, 17 Feb 2010 02:39:03 +0000

i’m srewed bought my house sept. 2008 and should have bought a car in 2009 but waited ,is there a chance it will be started up again for 2010

By: Jay

Jay — Tue, 09 Feb 2010 14:47:57 +0000

Great, can’t win for losing!…Bummer!

By: TFB

TFB — Tue, 09 Feb 2010 14:40:28 +0000

Jay – I’m sorry you fell through the cracks and you don’t qualify for any home purchase tax credit. If you look at the table in this post, you see you are not a first-time home buyer, and therefore you don’t qualify for the $8,000 tax credit. You are a move-up home buyer, but you purchased before Nov. 7, 2009, and therefore you don’t qualify for the $6,500 tax credit. You stimulated the economy too soon. No good deeds go unpunished.

By: Jay

Jay — Tue, 09 Feb 2010 01:15:31 +0000

I purchased a new home in July 2009, however I already owned a home that was purchased in 1998. This was my primary residence. After completing the renovations on my new home, I rented out my old home (that I had lived in for 12 years) and moved into the new house in November, 2009. Would I qualify for any tax credits?

By: Mary

Mary — Sat, 30 Jan 2010 06:08:02 +0000

If I buy a house in Feb. and I already own a house do I have to live in it full time to qualify for the 6500.00 tax credit

By: Bill

Bill — Fri, 29 Jan 2010 01:59:45 +0000

This sucks! I was forced to sell my house in Georgia in Jan 2007 because I’m in the Army and had to move to Texas. Took a 10k loss on it too. Now that I bought another home in July 2009 I don’t get any tax break. Great move Government…force your boys to move and then give everybody else a tax break.

By: christine

christine — Fri, 22 Jan 2010 00:59:38 +0000

We bought a new car in January 2009 from Ford. They had great rebates and employee pricing which was ending Jan 31 2009. We bought Ford because we have owned Fords previously and they did not take bailout money. How fair is it that the tax credit started on February 17, 2009. Alot of people buy new cars in January because there is usually really good deals and the dealerships need to move inventory for the new model year coming out. Leave it to the government to screw this up too.