Columbus First Time Home Buyer Tax Credit - More Real Advice Tax Credit Income Limits
Who is eligible?
Single buyers with incomes up to $75,000 and married couples with incomes up to $150,000 are eligible to receive the maximum tax credit.
From the National Association of Realtors
"If the Buyer(s)’ Income Exceeds These Limits, Can He/She Still Get a Credit?
Yes, some buyers may still be eligible for the credit.
The credit decreases for buyers who earn between $75,000 and $95,000 for single buyers and between $150,000 and $170,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Home buyers earning more than the maximum qualifying income—over $95,000 for singles and over $170,000 for couples are not eligible for the credit."
More information on the first time home buyer tax credit for Columbus home buyers
First Time Home Buyer Tax Credit - the chart. Also from the National Association of Realtors.
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This post was written by Maureen McCabe of Real Living HER
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Great post. Very nice graphics.
Good post Maureen....some people would believe that first timers or folks who qualify must have a far lower income....blog on...send us sunshine !
Hi Maureen... the income limit is the piece of this news that rarely seems to get out clearly. Thanks for doing just that!