Comments on: Tax Credit For First Time Home Buyers Extension

By: finance

finance — Wed, 03 Feb 2010 08:26:01 +0000

Very informative article for me especially that I’m planning to have a house of my own. It’s a good informative article for me. May I know the requirements and how to qualify for it. I’m a first time buyer

By: BubblePop

BubblePop — Sat, 05 Dec 2009 00:06:58 +0000

Is it possible to qualify for a house tax credit if I am building a home right now on a lot I already own?

By: Sarah Schwartz

Sarah Schwartz — Sat, 05 Dec 2009 00:05:50 +0000

I have a question about the home buyer tax credit. So if I buy a new home and decide to live in it, must I also sell my old house in order to take advantage of the tax credit?

By: Jeremy

Jeremy — Thu, 26 Nov 2009 22:22:08 +0000

Hey very good information on this first time buyers home tax credit. But, is the new and updated one is this correct?

Also, how long do you have to live or own the house to receive the tax credit and what would or does happen when if were you to leave before the time limit?

Thanks for all you doing!

By: Molly S.

Molly S. — Thu, 26 Nov 2009 05:23:19 +0000

About the home tax credit, what is it meant by income phaseout? For example, you say that the first time homebuying credit phases out for single tax returns between $125,000 and $145,000. Does that mean that if my income falls between those two amounts that I only get part of the tax credit? Just wanted to confirm.

Also, this tax credit for first time buyers covers all types of houses such as single family detached homes, town homes, and even condominiums right? Like the govt is not trying to encourage one form of housing over another correct?