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-   -   First House Buyer Tax Credit (https://www.askmehelpdesk.com/showthread.php?t=649545)

  • Apr 9, 2012, 08:33 AM
    ranchen
    First House Buyer Tax Credit
    Hi,

    I was F-1 and my wife was F-2 from 08/2007 to 04/2011, in which I was on OPT from 08/2010 to 04/2011. I am H-1B and my wife is H-4 from 05/2011 to current. This year, we chose dual-status (as stated on Pub. 519 page 34) to file tax return. I am asking:

    If I buy a house now, can I get First House Buyer Tax Credit (how much?) when I file tax return for 2012?

    If I put only my name on the title of the house, will my wife still be considered as a first house buyer if we buy a second house (on her title) in three years?

    Thanks
  • Apr 23, 2012, 11:30 AM
    AtlantaTaxExpert
    The First-Time Home Buyer's Credit expired in 2009; sorry!

    Also, you SHOULD have filed a joint return, with y9ou both CHOOSING to be treated as resident aliens for all of 2011. That option gives you a JOINT standard deduction of $11,600.

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