I was told that when you buy a home the tax credit is up to$8,000. I am buying a home that is 20,000

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Will I receive the full $8,000 or less.

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October 31 2009 - Lackawanna
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January 02 2010
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The tax credit is 10% or $8,000, whichever is less.  If you buy a home of $20,000, the tax credit would be $2,000 if you are otherwise qualified.

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3Yes

October 31 2009
 

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Related Questions
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QuestionI was told that when you buy a home the tax credit is up to$8,000. I am buying a home that is 20,000
  • Latest answer by Zanna Vaida
  • January 02 2010
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