Interesting “Catch” for Homebuyer Tax Credit

Want to get audited? Take advantage of the homebuyer tax credit. Washington AP reports tax refunds in 2010 are up by $255 from last year. Maybe that’s why 1 in 5 who claimed the Homebuyer Tax Credit got audited? If you did take advantage of the credit on your 2009 return, hopefully you included all the necessary documents with your return and didn’t file electronically.

Tagged as: audited, claim tax credit, file taxes, filing taxes when claiming homebuyer tax credit, first time home buyer, home, homebuyer tax credit, tax return, taxes