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4scommon.
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January 19, 2009 at 2:09 PM #331796January 19, 2009 at 2:50 PM #331284
temeculaguy
ParticipantI was waiting for someone to mention it, EJ, pointed out the flaw for So Cal, 75k max agi for single filers and 150k for married, with no regional allowance. 75k max income, if you are single and make sub 75k, you would have a hard time buying a house. At 88k, your credit is cut in half.
http://www.federalhousingtaxcredit.com/faq.php#1
You also cannot have owned a principal residence for three years prior.
Of course the credit is available to non resident aliens, I was all bummed when I realized I didn’t qualify because my income was too high, but now I feel all better knowing that anyone who has been physically in this country for 180 days, legally or not, qualifies, oh goodie!
January 19, 2009 at 2:50 PM #331624ParticipantI was waiting for someone to mention it, EJ, pointed out the flaw for So Cal, 75k max agi for single filers and 150k for married, with no regional allowance. 75k max income, if you are single and make sub 75k, you would have a hard time buying a house. At 88k, your credit is cut in half.
http://www.federalhousingtaxcredit.com/faq.php#1
You also cannot have owned a principal residence for three years prior.
Of course the credit is available to non resident aliens, I was all bummed when I realized I didn’t qualify because my income was too high, but now I feel all better knowing that anyone who has been physically in this country for 180 days, legally or not, qualifies, oh goodie!
January 19, 2009 at 2:50 PM #331700ParticipantI was waiting for someone to mention it, EJ, pointed out the flaw for So Cal, 75k max agi for single filers and 150k for married, with no regional allowance. 75k max income, if you are single and make sub 75k, you would have a hard time buying a house. At 88k, your credit is cut in half.
http://www.federalhousingtaxcredit.com/faq.php#1
You also cannot have owned a principal residence for three years prior.
Of course the credit is available to non resident aliens, I was all bummed when I realized I didn’t qualify because my income was too high, but now I feel all better knowing that anyone who has been physically in this country for 180 days, legally or not, qualifies, oh goodie!
January 19, 2009 at 2:50 PM #331728ParticipantI was waiting for someone to mention it, EJ, pointed out the flaw for So Cal, 75k max agi for single filers and 150k for married, with no regional allowance. 75k max income, if you are single and make sub 75k, you would have a hard time buying a house. At 88k, your credit is cut in half.
http://www.federalhousingtaxcredit.com/faq.php#1
You also cannot have owned a principal residence for three years prior.
Of course the credit is available to non resident aliens, I was all bummed when I realized I didn’t qualify because my income was too high, but now I feel all better knowing that anyone who has been physically in this country for 180 days, legally or not, qualifies, oh goodie!
January 19, 2009 at 2:50 PM #331811ParticipantI was waiting for someone to mention it, EJ, pointed out the flaw for So Cal, 75k max agi for single filers and 150k for married, with no regional allowance. 75k max income, if you are single and make sub 75k, you would have a hard time buying a house. At 88k, your credit is cut in half.
http://www.federalhousingtaxcredit.com/faq.php#1
You also cannot have owned a principal residence for three years prior.
Of course the credit is available to non resident aliens, I was all bummed when I realized I didn’t qualify because my income was too high, but now I feel all better knowing that anyone who has been physically in this country for 180 days, legally or not, qualifies, oh goodie!
January 19, 2009 at 2:57 PM #331289(former)FormerSanDiegan
Participant[quote=temeculaguy]
Of course the credit is available to non resident aliens, I was all bummed when I realized I didn’t qualify because my income was too high, but now I feel all better knowing that anyone who has been physically in this country for 180 days, legally or not, qualifies, oh goodie![/quote]To get the credit, they have to file their taxes, don’t they. I don’t see how this goes to illegal aliens. And if there is a break for legal aliens, what’s wrong with that as long as they are here legally and properly filing and paying their taxes ?
January 19, 2009 at 2:57 PM #331629Participant[quote=temeculaguy]
Of course the credit is available to non resident aliens, I was all bummed when I realized I didn’t qualify because my income was too high, but now I feel all better knowing that anyone who has been physically in this country for 180 days, legally or not, qualifies, oh goodie![/quote]To get the credit, they have to file their taxes, don’t they. I don’t see how this goes to illegal aliens. And if there is a break for legal aliens, what’s wrong with that as long as they are here legally and properly filing and paying their taxes ?
January 19, 2009 at 2:57 PM #331705Participant[quote=temeculaguy]
Of course the credit is available to non resident aliens, I was all bummed when I realized I didn’t qualify because my income was too high, but now I feel all better knowing that anyone who has been physically in this country for 180 days, legally or not, qualifies, oh goodie![/quote]To get the credit, they have to file their taxes, don’t they. I don’t see how this goes to illegal aliens. And if there is a break for legal aliens, what’s wrong with that as long as they are here legally and properly filing and paying their taxes ?
January 19, 2009 at 2:57 PM #331733Participant[quote=temeculaguy]
Of course the credit is available to non resident aliens, I was all bummed when I realized I didn’t qualify because my income was too high, but now I feel all better knowing that anyone who has been physically in this country for 180 days, legally or not, qualifies, oh goodie![/quote]To get the credit, they have to file their taxes, don’t they. I don’t see how this goes to illegal aliens. And if there is a break for legal aliens, what’s wrong with that as long as they are here legally and properly filing and paying their taxes ?
January 19, 2009 at 2:57 PM #331816Participant[quote=temeculaguy]
Of course the credit is available to non resident aliens, I was all bummed when I realized I didn’t qualify because my income was too high, but now I feel all better knowing that anyone who has been physically in this country for 180 days, legally or not, qualifies, oh goodie![/quote]To get the credit, they have to file their taxes, don’t they. I don’t see how this goes to illegal aliens. And if there is a break for legal aliens, what’s wrong with that as long as they are here legally and properly filing and paying their taxes ?
January 19, 2009 at 3:14 PM #331305SD Transplant
ParticipantTG,
Alien is a term use to cover immigrants (unfortunately an incomplete description of their status). If they are “legal” aliens (Green card holders & some other status) this is as legit as you can imagine (they pay taxes, they are qualified to be here, they just don’t VOTE or travel with an US Passport)…
Riddle me this……Today, a new program is all over in the Easter European press to provide incentive to the wealthy to receive “legal alien” US status (aka. green card) if they invest in RE (I believe min of $1.0 million)…… This is nothing new, but with the economic condition I wonder if the $ limits change
January 19, 2009 at 3:14 PM #331644ParticipantTG,
Alien is a term use to cover immigrants (unfortunately an incomplete description of their status). If they are “legal” aliens (Green card holders & some other status) this is as legit as you can imagine (they pay taxes, they are qualified to be here, they just don’t VOTE or travel with an US Passport)…
Riddle me this……Today, a new program is all over in the Easter European press to provide incentive to the wealthy to receive “legal alien” US status (aka. green card) if they invest in RE (I believe min of $1.0 million)…… This is nothing new, but with the economic condition I wonder if the $ limits change
January 19, 2009 at 3:14 PM #331720ParticipantTG,
Alien is a term use to cover immigrants (unfortunately an incomplete description of their status). If they are “legal” aliens (Green card holders & some other status) this is as legit as you can imagine (they pay taxes, they are qualified to be here, they just don’t VOTE or travel with an US Passport)…
Riddle me this……Today, a new program is all over in the Easter European press to provide incentive to the wealthy to receive “legal alien” US status (aka. green card) if they invest in RE (I believe min of $1.0 million)…… This is nothing new, but with the economic condition I wonder if the $ limits change
January 19, 2009 at 3:14 PM #331748ParticipantTG,
Alien is a term use to cover immigrants (unfortunately an incomplete description of their status). If they are “legal” aliens (Green card holders & some other status) this is as legit as you can imagine (they pay taxes, they are qualified to be here, they just don’t VOTE or travel with an US Passport)…
Riddle me this……Today, a new program is all over in the Easter European press to provide incentive to the wealthy to receive “legal alien” US status (aka. green card) if they invest in RE (I believe min of $1.0 million)…… This is nothing new, but with the economic condition I wonder if the $ limits change
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