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    KEISHA123's Avatar
    KEISHA123 Posts: 1, Reputation: 1
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    #1

    May 5, 2009, 03:19 AM
    IRS tax refund
    Is the IRS tax adnenment real do you actually get 8,000 for a house
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    May 5, 2009, 05:42 AM

    Yes, it's real. You qualify for a credit of 10% of the purchase price, up to a maximum of $8K, if you are a first-time home buyer (meaning you haven't ownd your residence for at least the last three years). It is available to single filers with modified adjusted gross income up to $75K, and married couples with modified AGI up to $150K. You claim the credit on IRS form 5405. More info here:

    Federal Housing Tax Credit for First-Time Home Buyers: Frequently Asked Questions
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