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What is the phase-out equation for the $8000 first-time home buyer tax credit?

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February 17 2009 - Summit-University
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Answers (1)

This credit phases out for individuals making $75,000 or more, and couples making $150,000 or more.  If an individual makes over $95,000 or a couple makes over $170,000, there is no credit. 

If you are in-between, you can make a direct-line calculation from these numbers.
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February 25 2009
 
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