Zillow Advice: Home Buying - What is the phase-out equation for the $8000 first-time home buyer tax credit? http://www.zillow.com/advice-thread/What-is-the-phase-out-equation-for-the-8000-first-time-home-buyer-tax-credit/200471/ Zillow Advice | Zillow Real Estate This credit phases out for ... http://www.zillow.com/advice-thread/What-is-the-phase-out-equation-for-the-8000-first-time-home-buyer-tax-credit/200471/ This credit phases out for individuals making $75,000 or more, and couples making $150,000 or more.&nbsp; If an individual makes over $95,000 or a couple makes over $170,000, there is no credit.&nbsp; <br/><br/>If you are in-between, you can make a direct-line calculation from these numbers. Thu, 26 Feb 2009 03:46:00 GMT http://www.zillow.com/advice-thread/What-is-the-phase-out-equation-for-the-8000-first-time-home-buyer-tax-credit/200471/ 2009-02-26T03:46:00Z