Our Own Son Didn't Know -- The $8000 Tax Credit is Real Money in Your Pocket!

How Embarrassing!  Our Own Son Didn't Know -- The $8000 Tax Credit is Real Money in Your Pocket!surprised lady

Last night Steve and I joined our son and his girlfriend for dinner.  I happened to ask him if he had finished preparing his income taxes and taken advantage of the tax deduction being offered for the sales tax he paid on his new car.  He said yes, and mentioned that it was worth a couple of hundred dollars to him. 

One thing led to another and the conversation turned to the First Time Home Buyer Tax Credit.  Being 26, he's interested in the idea of buying -- but not quite ready for home ownership.  We chatted about how we're surprised more buyers aren't taking advantage of the $8000 tax credit -- I mean, people are missing the opportunity to receive $8000 from Uncle Sam.  Our son said -- "you mean they actually get a check for $8000?"  -- "you mean it's not just subtracted from future taxes?"  -- "you mean they don't just get a certain percentage of it -- like a deduction?"  NO!!!!!!! Then, for the icing on the cake -- he actually said "you really need to let people know about this"!

Since Janmoney inthe shape of houseuary 2009 when the First Time Home Buyer Tax Credit was first announced -- it seems like that's all we've talked about.  I mean, how can anyone not know?   Well, this was a wake up call to us, that yes, there are still First Time Buyers out there who don't understand how this thing works.  So at the risk of sounding like a broken record.....we've got to keep talking about it!  After all, it ends in 84 days!

Visit this blog for details:  New Expanded Tax Credit Helps Indiana Move Up Buyers


Originally posted by Steve & Tonda Hoagland at www.IndyChats.com 


Unless otherwise noted, blogs are authored by Tonda or Steve Hoagland



Comment balloon 3 commentsTonda & Steve Hoagland • February 05 2010 04:24PM


I talk to people every day, especially young, prospective buyers, who are completely unaware of the existance of this outstanding Tax Credit.  A lot of these folks seem to get their "news" from late-night comedy shows rather than traditional sources which may be the problem.  So, I'm not surprised that your own son was not aware. 

Posted by Tom Boos, Providing the very best of service to Sellers and (Sine & Monaghan Realtors, Real Living) over 10 years ago

We're all bombarded with so much information every day, sometimes it's hard to really "hear" anything.  Unfortunately, come May when the credit has expired, there may be a lot of first time buyers disappointed that they missed out on $8000. 

Posted by Tonda & Steve Hoagland, Real Estate - Greenwood Homes for Sale - Central I (Keller Williams Realty) over 10 years ago

Thanks for sharing. We are also finding that many do not understand the tax credit benefits. Many seniors could use the credit to move to more suitable housing.

Posted by Roy Kelley (Realty Group Referrals) over 10 years ago

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