To: Kennard
And a person could show income qualifying for a home loan...without paying taxes...how?
2 posted on
10/19/2009 7:50:24 PM PDT by
Attention Surplus Disorder
(It's better to give a Ford to the Kidney Foundation than a kidney to the Ford Foundation.)
To: Attention Surplus Disorder
“And a person could show income qualifying for a home loan...without paying taxes...how?”
It is a credit; not a deduction.
If you owe $0 in taxes, you get a check for $8,000 if you spent at least $80,000 on a home as first time home buyer.
Someone would have to really stupid to try to falsely claim this.
The IRS will be watching this program very closely.
5 posted on
10/19/2009 7:55:30 PM PDT by
HereInTheHeartland
(Just say no to Soylent Green health care)
To: Attention Surplus Disorder
There is no requirement to take out a loan. Some people still pay cash for homes.
6 posted on
10/19/2009 7:56:22 PM PDT by
wrench
To: Attention Surplus Disorder
If a parent puts the kids on the deed on property that the child will be living in at college....is what a lawyer told me the other day
16 posted on
10/19/2009 8:16:36 PM PDT by
MadelineZapeezda
(Promoted by God to be a Mother!!!! Thanks, Susan)
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