Wednesday, July 22, 2009

Buying with Adult Children qualifies to get the tax credit

An interesting article by June Fletcher was written in the Wall Street Journal. It is a July 17 article titled "Buying A New House When Adult Children Live At Home". A quick insight on getting a first time homebuyer's tax credit of up to $8,000 when an adult child purchases the home with their parents. Please read the article here http://online.wsj.com/article/SB124784227511558327.html. If you have your own questions about the $8,000 tax credit, please contact your CPA. If you do not know of one, contact us and we can refer you to a qualified CPA. Don't let this opportunity pass you by.