The first time home buyers tax credit ($7500)?
The way I understand it, once I purchase a home (I am first time homebuyer) I would be qualified to receive additional $7500 (loan that has to be repaid in 15 years) on top of my my tax return?
Lets say I buy a home before December 31st 2008, would that mean that on my taxreturn that I would file around February 2009, I would receive my regular tax return + $7500?
If so, what happens if I purchased a home around late January 2009?
Could I still have that $7500 when filing for my 2008 return in Feburary of 2009?
Please let me know.