New Homeowner's Tax Credit?

Let's see, over 1,000,000 amended returns for this credit alone.

100% verification due to fraud.

8-12 weeks slowed to 16-20 weeks.

6-8 weeks is a hedged statement. It's 3 weeks after the $ amount is entered into the computer. The irs will include TAXABLE interest due to the delays, but the first 45-90 days won't count.

Sorry, no longer attainable from now on. right here is a few training that may help you already know somewhat extra approximately first time house proprietor tax credit: 2008: as much as $7,500, the credit is paid back over 15 years. Jan - Nov 2009: as much as $8,000, the credit would not might desire to be paid back. Dec 2009 - April 2010: as much as $8,000 for first-time customers, the credit would not might desire to be paid back. Nov 7, 2009 - April 2010: as much as $6,500 for "long-term citizens" who're paying for a sparkling abode, and the credit would not might desire to be paid back. till April 30, 2011- abode customer credit maintains to be attainable yet in basic terms for qualified contributors of the U.S. uniformed amenities.

I am getting ready to file our paperwork,next week, and have been reading articles on this...

I'm surprised yours will take that long too as they (IRS) said in the article that beginning in Feb. they get very busy and back logged due to the season deadline to file for everyone,so it will delay the credit by 12-16 weeks....since you did your filing so early I wouldn't think it would take as long as mine....hmmm....maybe call the IRS or H & R Block to ask your questions to get definite answers...>=)

Sorry no clue on the interest rate.

With the amount of fraud with this plan running at almost 75% the honest taxpayer is being punished because of the crooks Other posters have stated it is now taking more then 6 months

No interest since this is a credit

if you had sent in the proper documents all at one time it would have been 6-8 weeks in process. Now it is in a stack for a field officer to work