Can I claim the first-time homebuyer’s tax credit AFTER I’ve already filed?
I did my taxes on-line last night at HRBlock.com. I qualified for the first-time homebuyer’s tax credit for $5600. It is not really a credit but an interest-free loan, which I would have to repay over the next 15 years for about $375 a year. And if I move out before it’s paid off, the whole thing would be due immediately. I freaked out at incurring another debt and filed my taxes without claiming it. However, after I’ve thought about it, I’d be foolish not to take advantage of it and make some home improvements. Even if I move before it’s paid off, the home improvements I make with it should raise the price of my home so I can pay the loan off.
Long story short, can I claim it now even though I already filed my taxes? I have an hour of free consulting with an H&R Block representative, which is how I’m assuming I’d have to ammend it.