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-   -   Home and Auto Has anybody actually received their first time home buyers credit yet? (https://www.chiefsplanet.com/BB/showthread.php?t=209131)

BWillie 06-16-2009 03:39 PM

Has anybody actually received their first time home buyers credit yet?
 
I mailed my amended tax return in on June 11th and I was wondering how long I can expect it. Has anybody amended their tax return yet to get it? If so, how long did it take. Just curious. Gotta get 'dat money

aturnis 06-16-2009 04:24 PM

I thought they just took that amount off of your gross income for this year, so you would be getting a tax "break" next april. Not a check like some think.

|Zach| 06-16-2009 04:34 PM

Quote:

Originally Posted by aturnis (Post 5843684)
I thought they just took that amount off of your gross income for this year, so you would be getting a tax "break" next april. Not a check like some think.

Yea, thats how I understood it.

shitgoose 06-16-2009 04:39 PM

Quote:

Originally Posted by aturnis (Post 5843684)
I thought they just took that amount off of your gross income for this year, so you would be getting a tax "break" next april. Not a check like some think.

If he amended his 2008 return it will have no impact on 2009 taxes. He will be getting a check sometime in the near future.

MagicHef 06-16-2009 04:40 PM

I've heard it takes like 6-8 weeks. I'm going to be doing that in the near future.

BWillie 06-16-2009 05:02 PM

Quote:

Originally Posted by aturnis (Post 5843684)
I thought they just took that amount off of your gross income for this year, so you would be getting a tax "break" next april. Not a check like some think.

I amended my 2008 tax return. Don't want to wait for April of next year to get my jack. Cost me $295 bucks too, which was a surprise.

Nightfyre 06-16-2009 05:06 PM

Its a fully refundable tax credit, for everyone's information.

Chazno 06-16-2009 05:09 PM

Quote:

Originally Posted by aturnis (Post 5843684)
I thought they just took that amount off of your gross income for this year, so you would be getting a tax "break" next april. Not a check like some think.

What you are describing is a deduction instead of a credit. Credits >>>>>>Deductions

DaFace 06-16-2009 07:34 PM

I filed mine on April 1 and got it around May 15. Seems like it was almost exactly 6 weeks for me.

DaFace 06-16-2009 07:35 PM

Quote:

Originally Posted by BWillie007 (Post 5843764)
I amended my 2008 tax return. Don't want to wait for April of next year to get my jack. Cost me $295 bucks too, which was a surprise.

Whoa...why the **** did it cost you $295?

BWillie 06-16-2009 09:08 PM

Quote:

Originally Posted by DaFace (Post 5844132)
Whoa...why the **** did it cost you $295?

Yeah, no kidding. I took it to an accountant that a friend of mine recommended. I was expecting about 180, but not three hundo. What can ya do

DaFace 06-16-2009 09:10 PM

Quote:

Originally Posted by BWillie007 (Post 5844370)
Yeah, no kidding. I took it to an accountant that a friend of mine recommended. I was expecting about 180, but not three hundo. What can ya do

Christ man. I did mine with Turbotax, so it didn't cost me anything more than the software did when I originally purchased it.

Skip Towne 06-16-2009 09:13 PM

Quote:

Originally Posted by BWillie007 (Post 5844370)
Yeah, no kidding. I took it to an accountant that a friend of mine recommended. I was expecting about 180, but not three hundo. What can ya do

Sounds like you used the tax firm of Dewey, Cheatum and Howe.


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