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	<title>Comments on: first time home buyer credit for resident aliens?</title>
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	<link>http://firsttimehomebuyer.info/immigration/first-time-home-buyer-credit-for-resident-aliens/</link>
	<description>blog for first time home buyers</description>
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		<title>By: lost</title>
		<link>http://firsttimehomebuyer.info/immigration/first-time-home-buyer-credit-for-resident-aliens/comment-page-1/#comment-1013</link>
		<dc:creator>lost</dc:creator>
		<pubDate>Tue, 09 Mar 2010 11:44:55 +0000</pubDate>
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		<description>&lt;a href=&quot;&quot;&gt;Jamie&lt;/a&gt;


It is a tax credit , so if you don&#039;t file taxes you can&#039;t get it .  But if you are not otherwise disqualified  then you can file solely to get the credit as a refund  
  Here are the things that disqualify you from getting the credit 
Who cannot take the credit?

A. If any of the following describe you, you cannot take the credit, even if you buy a new home:

    * Your income exceeds the phase-out range. This means joint filers with MAGI of $170,000 and above and other taxpayers with MAGI of $95,000 and above.

    * You buy your home from a close relative. This includes your spouse, parent, grandparent, child or grandchild.

    * You do not use the home as your principal residence.

    *
      You sell your home before the end of the year.

    * You are a nonresident alien.

    * You are, or were, eligible to claim the District of Columbia first-time homebuyer credit for any taxable year. (This does not apply for a home purchased in 2009.)

    * Your home financing comes from tax-exempt mortgage revenue bonds. (This does not apply for a home purchased in 2009.)

    * You owned a principal residence at any time during the three years prior to the date of purchase of your new home. For example, if you bought a home on July 1, 2008, you cannot take the credit for that home if you owned, or had an ownership interest in, another principal residence at any time from July 2, 2005, through July 1, 2008.</description>
		<content:encoded><![CDATA[<p><a href="">Jamie</a></p>
<p>It is a tax credit , so if you don&#8217;t file taxes you can&#8217;t get it .  But if you are not otherwise disqualified  then you can file solely to get the credit as a refund<br />
  Here are the things that disqualify you from getting the credit<br />
Who cannot take the credit?</p>
<p>A. If any of the following describe you, you cannot take the credit, even if you buy a new home:</p>
<p>    * Your income exceeds the phase-out range. This means joint filers with MAGI of $170,000 and above and other taxpayers with MAGI of $95,000 and above.</p>
<p>    * You buy your home from a close relative. This includes your spouse, parent, grandparent, child or grandchild.</p>
<p>    * You do not use the home as your principal residence.</p>
<p>    *<br />
      You sell your home before the end of the year.</p>
<p>    * You are a nonresident alien.</p>
<p>    * You are, or were, eligible to claim the District of Columbia first-time homebuyer credit for any taxable year. (This does not apply for a home purchased in 2009.)</p>
<p>    * Your home financing comes from tax-exempt mortgage revenue bonds. (This does not apply for a home purchased in 2009.)</p>
<p>    * You owned a principal residence at any time during the three years prior to the date of purchase of your new home. For example, if you bought a home on July 1, 2008, you cannot take the credit for that home if you owned, or had an ownership interest in, another principal residence at any time from July 2, 2005, through July 1, 2008.</p>
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	<item>
		<title>By: DocBC37 Maintenance refugee</title>
		<link>http://firsttimehomebuyer.info/immigration/first-time-home-buyer-credit-for-resident-aliens/comment-page-1/#comment-1012</link>
		<dc:creator>DocBC37 Maintenance refugee</dc:creator>
		<pubDate>Tue, 09 Mar 2010 04:13:03 +0000</pubDate>
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		<description>&lt;a href=&quot;&quot;&gt;Dan&lt;/a&gt;


Great. Another non-taxpayer leaching off the system of taxpayers.</description>
		<content:encoded><![CDATA[<p><a href="">Dan</a></p>
<p>Great. Another non-taxpayer leaching off the system of taxpayers.</p>
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