Home › Forums › Closed Forums › Buying and Selling RE › buy a home in wife’s name to claim the $8000 tax credit
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(former)FormerSanDiegan.
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February 15, 2009 at 3:40 PM #346742February 15, 2009 at 6:52 PM #347183
Eugene
Participant[quote=cahunter]If we buy under both’s name, we will get nothing. If my wife can get something, that is better than nothing.[/quote]
Tax code is not concerned with combined AGIs of everyone who buys the property. To get full credit, you have to 1) be a first-time homebuyer (i.e. be on the deed), 2) file a tax return, 3) show income that is less than 150,000 if married filing jointly, 75,000 otherwise.
February 15, 2009 at 6:52 PM #346862Eugene
Participant[quote=cahunter]If we buy under both’s name, we will get nothing. If my wife can get something, that is better than nothing.[/quote]
Tax code is not concerned with combined AGIs of everyone who buys the property. To get full credit, you have to 1) be a first-time homebuyer (i.e. be on the deed), 2) file a tax return, 3) show income that is less than 150,000 if married filing jointly, 75,000 otherwise.
February 15, 2009 at 6:52 PM #347296Eugene
Participant[quote=cahunter]If we buy under both’s name, we will get nothing. If my wife can get something, that is better than nothing.[/quote]
Tax code is not concerned with combined AGIs of everyone who buys the property. To get full credit, you have to 1) be a first-time homebuyer (i.e. be on the deed), 2) file a tax return, 3) show income that is less than 150,000 if married filing jointly, 75,000 otherwise.
February 15, 2009 at 6:52 PM #347330Eugene
Participant[quote=cahunter]If we buy under both’s name, we will get nothing. If my wife can get something, that is better than nothing.[/quote]
Tax code is not concerned with combined AGIs of everyone who buys the property. To get full credit, you have to 1) be a first-time homebuyer (i.e. be on the deed), 2) file a tax return, 3) show income that is less than 150,000 if married filing jointly, 75,000 otherwise.
February 15, 2009 at 6:52 PM #347429Eugene
Participant[quote=cahunter]If we buy under both’s name, we will get nothing. If my wife can get something, that is better than nothing.[/quote]
Tax code is not concerned with combined AGIs of everyone who buys the property. To get full credit, you have to 1) be a first-time homebuyer (i.e. be on the deed), 2) file a tax return, 3) show income that is less than 150,000 if married filing jointly, 75,000 otherwise.
February 15, 2009 at 8:13 PM #347386cahunter
ParticipantAre you saying that even if we buy a house under both’s names, we can still file tax separately and my wife can get half of the tax credit? That is even better than I expected.
February 15, 2009 at 8:13 PM #347484cahunter
ParticipantAre you saying that even if we buy a house under both’s names, we can still file tax separately and my wife can get half of the tax credit? That is even better than I expected.
February 15, 2009 at 8:13 PM #347352cahunter
ParticipantAre you saying that even if we buy a house under both’s names, we can still file tax separately and my wife can get half of the tax credit? That is even better than I expected.
February 15, 2009 at 8:13 PM #347238cahunter
ParticipantAre you saying that even if we buy a house under both’s names, we can still file tax separately and my wife can get half of the tax credit? That is even better than I expected.
February 15, 2009 at 8:13 PM #346917cahunter
ParticipantAre you saying that even if we buy a house under both’s names, we can still file tax separately and my wife can get half of the tax credit? That is even better than I expected.
March 30, 2009 at 12:42 PM #374637Anonymous
GuestSo, If my Fiance and I both make less than $75,000, are first time home buyers buying a primary residence, can we each collect the $8000 dollar credit?
March 30, 2009 at 12:42 PM #374918Anonymous
GuestSo, If my Fiance and I both make less than $75,000, are first time home buyers buying a primary residence, can we each collect the $8000 dollar credit?
March 30, 2009 at 12:42 PM #375260Anonymous
GuestSo, If my Fiance and I both make less than $75,000, are first time home buyers buying a primary residence, can we each collect the $8000 dollar credit?
March 30, 2009 at 12:42 PM #375096Anonymous
GuestSo, If my Fiance and I both make less than $75,000, are first time home buyers buying a primary residence, can we each collect the $8000 dollar credit?
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