According to an article in the USA Today, the first-time home buyer tax credit that has helped to stimulate the housing market can be claimed on your 2008 taxes.
The article sais home buyers who want to claim the credit on their 2008 tax return have these options:
File for an extension, this will give you until Oct. 15 to file your tax return. Remember, however, that if you owe money to the IRS, filing for an extension doesn’t give you more time to pay.
File now and amend later. If you’re due a large refund and want to get your money soon, file your 2008 tax return and file an amended return after you close on your home.
Keep in mind, you should always seek the advice of your tax expert regarding these matters.
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