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Old 06-16-2009, 04:39 PM  
BWillie BWillie is offline
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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
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Old 06-16-2009, 05:24 PM   #2
aturnis aturnis is offline
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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.
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Old 06-16-2009, 05:34 PM   #3
|Zach| |Zach| is offline
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Quote:
Originally Posted by aturnis View Post
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.
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Old 06-16-2009, 05:39 PM   #4
shitgoose shitgoose is offline
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Quote:
Originally Posted by aturnis View Post
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.
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Old 06-16-2009, 05:40 PM   #5
MagicHef MagicHef is offline
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I've heard it takes like 6-8 weeks. I'm going to be doing that in the near future.
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Old 06-16-2009, 06:02 PM   #6
BWillie BWillie is offline
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Quote:
Originally Posted by aturnis View Post
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.
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Old 06-16-2009, 06:06 PM   #7
Nightfyre Nightfyre is offline
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Its a fully refundable tax credit, for everyone's information.
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Old 06-16-2009, 06:09 PM   #8
Chazno Chazno is offline
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Quote:
Originally Posted by aturnis View Post
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
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Old 06-16-2009, 08:34 PM   #9
DaFace DaFace is offline
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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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Old 06-16-2009, 08:35 PM   #10
DaFace DaFace is offline
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Quote:
Originally Posted by BWillie007 View Post
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?
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Old 06-16-2009, 10:08 PM   #11
BWillie BWillie is offline
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Quote:
Originally Posted by DaFace View Post
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
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Old 06-16-2009, 10:10 PM   #12
DaFace DaFace is offline
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Quote:
Originally Posted by BWillie007 View Post
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.
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Old 06-16-2009, 10:13 PM   #13
Skip Towne Skip Towne is offline
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Quote:
Originally Posted by BWillie007 View Post
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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