tax credit

Hi Kat, Yes if you are a first time home buyer then you can receive 10% of the purchase price up to a maximum of 8k tax credit. So if the house is over 80k you will get the max.

Yes 8k is the most. You need to find out all the rules in order to qualify. I know someone who bought a house from their parents and then found out they could not claim the credit. House has to be bought from a non-relative. The credit is 10% of purchase price up to $8,000 max.

Hi Kat,

Welcome to our forum.

Yes, If you purchasing home first time from non-family members then you will be eligible to receive 10% over the $8.000K is max.

Thanks & Regards.
gunz.ijjistaff

Max 8k or max 10% of your purchase price

tra-la-la

All stated above is correct along as your income is not over $75,000 as a single person.

I bought condo.. since 2005, do I qualified foe tax credit

how much I shoul get

Are you saying you bought in 2005?

Then you do not qualify

guest, you should get what's coming to you.

Interesting.

let us know guest how much you got