Columbus First Time Home Buyer Tax Credit - income limits

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Real Living Real Advice about the first time home buyer tax credit

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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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Justin Messer 10/18/2009 09:08 PM
Topic:
Home Buying
Location:
Ohio Franklin County
Tags:
first time buyer tax credit
real living
realtor
nar

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Rainmaker
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Janice Roosevelt
Rory Burkhart Team, Keller Williams - West Chester, PA
OICP ABR, ePRO,Ecobroker

Great post.  Very nice graphics.

May 09, 2009 06:13 AM #1
Rainmaker
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Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Short Sale - CDPE, REDS

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 !

May 09, 2009 07:36 AM #2
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Steve Shatsky
Prudential Texas Properties - Dallas, TX
Dallas Real Estate & Short Sale Specialist (214)213-0340

Hi Maureen... the income limit is the piece of this news that rarely seems to get out clearly.  Thanks for doing just that!

May 10, 2009 01:35 AM #4
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Rainmaker
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Maureen McCabe

Columbus Ohio Real Estate
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