Me and my husband bought a house in Feb. of 08, waht should we expect back on our taxes?

I know the $7500.00 credit or 10% of the house up to $7500.00 is only for people who bought their house after April, but what about us folks who bought ours a month before that? Will we get half of that or what?Me and my husband bought a house in Feb. of 08, waht should we expect back on our taxes?
You should get ALMOST everything you paid in as interest as well. I agree with PP about you not getting it since you have bought your house before April.Me and my husband bought a house in Feb. of 08, waht should we expect back on our taxes?
Add up your interest, points, PMI, property taxes, state income tax and anything you gave to charity.





If the total is more than $10,900, you itemize rather than take the standard deduction. This will reduce your taxable income and may reduce your tax bill.





If the total is less than $10,900, you take the standard deduction and, this year only, add up to $1000 of property taxes paid.
You get nothing for the first time credit. The first time credit is not a rebate but a loan that eventually gets paid back.
You aren't eligible for the credit or any part of it, sorry.





You can deduct mortgage interest and real estate taxes, if that gives you enough deductions to itemize.