I'm a Permanent Resident of the USA (Green Card holder). As a first time home buyer, do I qualify for an

Viktoryia
Home Buyer
Seminole, FL

$8000 tax credit? Thank you.

Answers (4)
Dorothy Belmonte
Agent
Seminole, FL

No, you must be a citizen.

Wed Jul 29 2009, 02:16
Genevieve Ramac...
Agent
Punta Gorda, FL

Viktoryia,

Check out the link below. It has the answers to most questions regarding the first time home buyers credit.

Hope this helps.

http://www.federalhousingtaxcredit.com/2009/faq.php

Good Luck!!!

Genny
pgrealty@hotmail.com http://www.puntagordarealty.com
941-639-2788

Sun Jun 14 2009, 20:00
Melissa Antenuc...
Mortgage Broker
or Lender

Boca Raton, FL

Hi Viktoryia,
The answer is yes as long as you pay taxes here and fall into the other qual catorgies. The only people who can not qualify is the below. It is a great opportunity and remember you have to close by 12/1/09 to get it.

A. If any of the following describe you, you cannot take the credit, even if you buy a new home:

1-Your income exceeds the phase-out range. This means joint filers with MAGI of $170,000 and above and other taxpayers with MAGI of $95,000 and above.

2-You buy your home from a close relative. This includes your spouse, parent, grandparent, child or grandchild.

3-You do not use the home as your principal residence.

4-You sell your home before the end of the year.

5-You are a nonresident alien.

6-You are, or were, eligible to claim the District of Columbia first-time homebuyer credit for any taxable year. (This does not apply for a home purchased in 2009.)

7-Your home financing comes from tax-exempt mortgage revenue bonds. (This does not apply for a home purchased in 2009.)

8-You owned a principal residence at any time during the three years prior to the date of purchase of your new home. For example, if you bought a home on July 1, 2008, you cannot take the credit for that home if you owned, or had an ownership interest in, another principal residence at any time from July 2, 2005, through July 1, 2008.

Sun Jun 14 2009, 06:29
Brenda Wooldrid...
Agent
Largo, FL
FIRST ANSWER

Hello,
There are other questions I need to ask you before giving you an answer. Please contact me by email,
brendaw@remax.net and I will be glad to help you.

Brenda Wooldridge
RE/MAX ACR ELITE GROUP
727-418-0900

Sat Jun 13 2009, 21:36

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