I was pretty confident that I would get all the $8k new home buyer tax credit, but I ran the numbers today. My relocation counts as income so I'll end up over the $75k AGI limit even though I'm contributing 25% of my salary to my 401k to lower my pre-tax income. I probably won't be too much above $75k, but enough so that I'll get less than $8k back. Weak. There is talk that Congress will remove the income limit, but I'm not going to count on it.
Yeah, I know that I shouldn't complain since I have a well paying job, but I can certainly use the money.
2 days ago