Profile picture for Peace0309

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

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

  • October 31 2009 - Lackawanna
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Answers (2)

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  • January 02 2010
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Profile picture for wetdawgs
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.

  • October 31 2009
  • 3Yes

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