I would like to know the exact thing about tax relief for homeowners (new and old).?

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I am a new customer and I want to make sure the transaction is $ 8000 paid into my account after all deductions or pay towards my mortgage on my loan to reduzieren.Und if later I can still retrieve cash. Cause seriously, I really need the Geld. Die best answer with explanation is deep guy gesch├Ątzt.Danke

2 Comments
  1. Reply
    Ryan M
    May 2, 2011 at 7:03 am

    a) The money DOES NOT go into your account. You receive it with your income tax refund.
    b) The amount you receive depends on the price of the house. If you house is under $ 80,000, then you will not receive the full $ 8,000
    c) It will take about 4 MONTHS to receive the money once you file/amend your taxes. If you “seriously” need the cash, you have ZERO business buying a house to begin with.

  2. Reply
    Realtoratheart
    May 2, 2011 at 7:33 am

    Sweetie, this is a tax credit! It is deducted from your tax liability if you qualify and file the correct forms.

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