First Time Home Buyer Tax Question
Join Date: May 2005
Posts: 691
My income is too high to qualify for the first time home buyer tax credit. However, I am getting married in October which will lower our joint income below the limit of $170,000.
If I want to buy a house in June, but won't be married until October, will I qualify? I assume getting married in May and buying a house in June will be fine.
Do anyone know where to find details about this timing issue?
Join Date: May 2005
Posts: 691
Ok, after reading through Form 5405 it looks like the timing doesn't matter. As long as we will be filing jointly for our 2009 taxes and the house is bought before Dec 1, 2009. We are eligible for the tax credit.
