Taxes and Last year Tax Queston i have

[Ggbwg]

Ok, i am hoping someone here can help because we have no clue. I filed taxes last year and we did them our selves using Tax Cut. Well, we did not get the first time home buyers credit and such last year like we were suppose to.

How do you know even how much that even is ? Someone suggested me amend my taxes from last year and redoing but then i have to pay $30.00 to H&R Block if i do that plus then i would have to pay at the lowest $80.00 to file for this year they told me. I really have no idea on what to do. I don't know if it is worth it to do it or now and i would hate to spend out a lot of money if it is only a $100 credit.

Please help this poor confused woman and her husband
Thank you

[choka162]

You might try calling the IRS and asking them. Usually they can give you an idea-just be prepared to be on hold forever, everyone else is asking too^_^

[tiger_fan3]

The first time homeowner's credit is not all it is cracked up to be. It is a 15 year interest free loan in the amount of the credit.If your income is less than 75,000 for single or 150,000 for MFJ, you would get the lesser of 7,500 or 10% of the purchase price as a credit. If your income is more than that, it is pro-rated. Repayment of the credit begins 2 years after you first deduct it.

[Ggbwg]

The first time home credit your mentioning of is for this year 2008 and 2009. I was looking for info for the credit from 2007. I have went ahead and filed. The guy is going to go over them for me in about 2 weeks. So here's hoping he finds me a lot of money, LOL.

[tiger_fan3]

Originally Posted by Ggbwg The first time home credit your mentioning of is for this year 2008 and 2009. I was looking for info for the credit from 2007. I have went ahead and filed. The guy is going to go over them for me in about 2 weeks. So here's hoping he finds me a lot of money, LOL.

Sorry, I missed the fact that it was for last year LOL. Yeah, that would make a difference then. Good luck!!

[purplefdu]

Be up front about how much you have to pay for filing your taxes. All tax people at H&R block have recommended prices, but are not required to charge those. I used to get my taxes done for free at H&R block in college because my parents got theirs done as well. They paid $50 as military people.

So maybe tell him you want to look at refiling the 2007 ones as well as this year but anything over $$$ is more than you can really afford and see what he can do for you.