Home Selling in Northport>Question Details

Hope, Home Seller in Northport, NY

Can I qualify for the 8000 tax credit since my name will only be on the title and not the loan??

Asked by Hope, Northport, NY Sun Oct 4, 2009

Help the community by answering this question:


Best confer with mortgage broker or CPA who can detail loan answer all your questions where you can qualify for $8K tax credit.

Are you aware you receive annual tax benefits whlle you own any home

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0 votes Thank Flag Link Thu Oct 8, 2009
I believe that you can qualify, the qualification is not always the full $8,000 it has alot to do with your income, check with your accountant he/she would be able to tell you for sure. You might also consider asking about he additional $1500 credit for first time homebuyers that is a credit not to be given back in monies but a $1500 credit. I am assuming your a first time homebuyer only because you have said you want to apply for the $8,000 tax credit - both are only geared toward first time homebuyres. If you need the acutal write ups on this I can forward them to you through email my personal one is lleib@optonline.net. Good Luck and check with your accountant remembering that both programs are only for first time home buyers.
0 votes Thank Flag Link Mon Oct 5, 2009

Answers to the commonly asked questions about the the tax credit program can be found on the following website:

0 votes Thank Flag Link Sun Oct 4, 2009
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