It means that you have just fourteen days left to get your taxes filed! And if you purchased a home this year, or have not owned your own home in the last three years, then you’re eligible for the $8,000 tax credit. And for those of you who are already homeowners, don’t worry about being left out — homeowners who have lived in their own home for at least five consecutive years in the last eight years will be eligible for a $6500 tax credit!
So where does all this money come from? From a bill, of course. As of an estimate made in November 2009, $22 billion has already been pumped into the economy as a result of the bill, and about 2 million taxpayers will take advantage of the tax credit.
Just an FYI: you can claim the tax credit whether you’re married filing jointly or separate, or single. The income limits are fairly high, as are the home cost limitations. So if you haven’t yet filed your taxes, make sure to check out this tax credit. And if you have filed, go amend!
As for me, we’re not eligible, unfortunately. We purchased a home in 2007, so we missed the year for home purchases, and we haven’t lived here for five consecutive years — we’re two years shy, boo!
Hello, and welcome to In My Bag! My name is Jenn, and this is my product review blog. In My Bag is where I showcase my reviews of many of the products and services I buy and use, as well as the occasional trials, coupons and freebies that come my way. Interested in learning more? 
