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

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3
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
Hope,

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


http://www.federalhousingtaxcredit.com/2009/faq.php
0 votes Thank Flag Link Sun Oct 4, 2009
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