Home and Auto Has anybody actually received their first time home buyers credit yet?

BWillie · 06-16-2009, 03:39 PM

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

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

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

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

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

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

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

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

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.

06-16-2009, 03:39 PM
BWillie Future NBA Finals MVP Join Date: Apr 2006 Location: Earth Casino cash: $2351241	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
Posts: 46,089

06-16-2009, 04:24 PM	#2
aturnis MVP Join Date: Apr 2001 Location: Iowa Casino cash: $9975811	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.
Posts: 13,873

06-16-2009, 04:40 PM	#5
MagicHef The Seated Villain Join Date: Apr 2007 Location: Seattle Casino cash: $2400247	I've heard it takes like 6-8 weeks. I'm going to be doing that in the near future. __________________ With a sack in 61% of his games, SB MVP Von Miller is the most consistent pass rusher in NFL history.
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06-16-2009, 05:06 PM	#7
Nightfyre MVP Join Date: Mar 2004 Location: Helena, MT Casino cash: $3558849	Its a fully refundable tax credit, for everyone's information.
Posts: 18,557

06-16-2009, 07:34 PM	#9
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $1946899	I filed mine on April 1 and got it around May 15. Seems like it was almost exactly 6 weeks for me.
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