There are days I love my broker, and then there are days I love my broker. Today is one of the latter. (for those who don’t know, a Realtor’s broker is sort of like a boss)
My broker is Jay Thompson of the famous Phoenix area blog ThePhoenixRealEstateGuy.com. He’s been intently watching the stimulus bill drama in Washington and reporting about the contents of the bill.
So for all you readers who are wondering whether you qualify for the homebuyers’ tax credit in that stimulus bill…. hop on over to my broker’s post about it.
Heather Barr is a Realtor. She's a chow hound, a gym rat, and a political junkie and a happy workaholic.
{ 2 comments… read them below or add one }
Hi d.conley.
Wish I had all the answers for you. I suggest your best bet is calling a tax accountant. I recommend Brad Huss & Associates, who are a locally-owned accounting firm in Scottsdale. They’re fairly familiar with real estate matters, since they do the yearly tax returns for a lot of Realtor (me included). You can reach them by phone at (480) 998-1060. You can also try John R. Flynn, CPA, another local favorite of mine. His office is at (602) 230-8879.
Im so confused as to what this tax credit means in terms of what we will see in our bank account. Ive read online and heard from others that we get the $8000 instead of our normal tax return . so for example ,we are due to get
$1237 back in taxes, we also qualify for the home buyer credit,($8000).. sooo are we basically giving up the $1237 to get the 8000 or.. are we getting both ($9237) please enlighten me