Terry Dykhouse is a tax guy who knows the rules, so based on the first set of rules that rolled out of Washington, he did all he could to close on the purchase of his newly constructed home in Rochester Hills, Mich., by Dec. 31, 2008.
He got his tax credit. But if he had not been such a stickler, Dykhouse could have kept an extra $500 in his pocket this tax season.
Huh? Oh, yeah, and he could have saved another $500 next year – plus $500 each year for the next 13 years.