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Tax Credit

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Icon Mini Profile eparker





Joined: 03 Jun 2009

Posts: 1

0.14 Dollars($)
Post Posted: Wed Jun 03, 2009 6:04 pm    Post subject: Tax Credit
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Whats the max amount i can get?
Icon Mini Profile Garysnober





Joined: 17 Mar 2009

Posts: 450

15.29 Dollars($)
Post Posted: Wed Jun 03, 2009 6:06 pm    Post subject:
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Hi, Well if your a first time home buyer you get 10% of the amount of the house up to a max of 8k. So if the house is 80k then you will get the max amount. So any house over 80k and you will get the max amount.
Icon Mini Profile smckaybiz
s.mckaybiz
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Joined: 24 Apr 2008

Posts: 195
Location: PA
10.64 Dollars($)
Post Posted: Wed Jun 03, 2009 6:27 pm    Post subject:
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Just doing some research on this and there are some other things to mention as well.

The income requirements are that you have to make less than 75K for a single tax filer and less than 150K for joint.

You can not have owned your primary residence that you lived in for the past three years so depending on your circumstances you still may qualify for the credit even if you've owned a home before.

Just thought I would share...

...I plan on paying off the rest of our credit card debt and an auto loan with our $8K. What a nice unexpected suprise!

I still think Obama's destroying our economy though by giving out all of this money!!! Very Happy

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Scott McKay
FreeOnlineCreditGuide.com
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