Question: How long does it take to get the first time home buyer credit of $8,000 dollars? I’ve been waiting for several months for my 8K first time home buyer credit and have not received it yet. Does it usually take a long time to receive the 8K first time home buyer credit?
Answer: There is no timetable for when you are supposed to receive your 8K first time home buyer credit. Depending on how you file your tax returns, you could get it very quickly (within a month or two), or it could take considerably longer to get your credit from the IRS. If you do an amended tax return, you should be eligible to receive the first time home buyer credit in a short period after purchasing your home. However, the IRS conducts random audits on individuals requesting the first time home buyer credit, and investigates every claim thoroughly. It is not uncommon for home buyers to wait up to nearly a year to receive their first time home buyer credit.