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Do I qualify for new tax credit?

I'm a non first time homebuyer, closing on nov20. Do i qualify for new tax credit for non first-timers?

  • the prez will sign on 11/6. Is it effective immediately, or tied to the extension of the first-time homebuyers credit that was to expire on november 30 which will make it effective 12/1 ?

  • Answer:

    If you have owned a house in the past 3 years then you will not qualify no matter what. Otherwise I think you'll be safe since the deadline is still Nov 30th.

tomtoast at Yahoo! Answers Visit the source

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I haven't seen the details, but you might want to try to push your closing back. Most likely it just starts Dec 1 rather than immediately.

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