di_cassano asked:
I bought a home 2 years ago, the home owner is myself only. If my wife buys a $200,000 worth of home in February, will she be able to claim the $8,000 tax credit as a first time home buyer? Thanks.
Margaret
I bought a home 2 years ago, the home owner is myself only. If my wife buys a $200,000 worth of home in February, will she be able to claim the $8,000 tax credit as a first time home buyer? Thanks.
Margaret
Sally
No.
In a married couple, both individuals must be able to qualify on their own or else neither of them qualify.
You do not qualify so she does not qualify.
Comment by Wayne Z — March 18, 2010 @ 9:05 am
Nathan
No she can not, the law clearly states that a souse has to qualify as well.
Comment by Landlord — March 19, 2010 @ 7:16 am
Oscar
You would both have to be first time home buyers to get the credit. The new extended tax credit does allow for a repeat buyers to get up to $6,500 but for this credit you would have to have owned a home for 5 of the last 8 years.
Comment by Ryan — March 21, 2010 @ 11:27 pm