Off topic - First time homebuyers tax credit.

Posted by Haskel LaPort on November 5, 2009, 9:16 am

Please log in for more thread options

The senate passed an extension of the first time homebuyer tax credit and
also increased income levels.

"The level of qualifying income has also been expanded, allowing individual
taxpayers who make up to $125,000 and joint filers earning up to $225,000 to
qualify. The earlier credit had been limited to individuals earning up to
$75,000 and couples earning up to $150,000."

Does anyone know if the increased income limits apply to home purchases in
2009 made prior to the November 3rd extension?

Posted by dpb on November 5, 2009, 9:31 am

Please log in for more thread options

Haskel LaPort wrote:

> The senate passed an extension of the first time homebuyer tax credit

> and also increased income levels.

> "The level of qualifying income has also been expanded, allowing

> individual taxpayers who make up to $125,000 and joint filers earning up

> to $225,000 to qualify. The earlier credit had been limited to

> individuals earning up to $75,000 and couples earning up to $150,000."

> Does anyone know if the increased income limits apply to home purchases

> in 2009 made prior to the November 3rd extension?

All I know is this...

<http://tax.cchgroup.com/news/headlines/2009/nws103009.htm#2>

Might post the question to misc.taxes.moderated -- they keep up pretty
well over there.

--