How does the first time buyer tax credit work? - first time home owner grants
My girlfriend and I are buying a house this year. This is our first time.
I have some questions:
Can I have the tax credit 1st Time buyer?
Can I work for $ 7500 or based on a sliding scale of income?
How come together with my friend, and you file separately? "Only one required of us?
Thanks for the help.
Sunday, January 3, 2010
First Time Home Owner Grants How Does The First Time Buyer Tax Credit Work?
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1 comments:
The "confidence" is not really a credit but a loan to pay for more than 15 years without interest. There are income limits and buy a small window that will be the purchase in order to be eligible. It is also limited to 10% of the purchase price, but with property prices as in most countries do not restrict too many of them.
The question of how the loan will be processed in separate parts together to buy a house is not currently addressed by the IRS. The legislation stipulates that it be proportionate, "said the secretary must be direct, but can not the Treasury (presumably to the Commissioner of Internal Revenue be delegated) have been received so far. One of the topics to be inserted in the law of mage to the top. It is connected to $ 75k in a single statement or MFS or $ 150K in a joint statement. Whether it is restricted to 2 x $ 75k on the performance of individual customers are foreign spouses currently not known.
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