I am always nswering under Pete. Hope he oes not disagree.
On the income restrictions the wording i
"Full amount of credt fr individuals with ajusted gross income of no more than $75,000 ( 150,000 on a joint return). Phase out above those caps ($95,000 and $170,000)."
The real me
There aare some income qualifications and some purchase qualifications.
For instance if you purchase a home for 65,000 your credit will only be 6,500.
As for the 8,000 it is 10% of purchase price or 8,000 which ever is the least.
The answer is yes. You must purchase the home before July 1, 2009 and it must be used as your primary residence. Please visit my website to see more FAQs on the $7500 credit.
If you should get $1 back, then you would get $7,501 back with the incentive.
Many are using this to pay back taxes(a great deal).
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yes maam you will then get 7500 back if you owe nothing. i got returned emails on the prospects i tried to send you please email me at firstname.lastname@example.org and i will get it over to you asap.