Ask Experts Questions for FREE Help !
Ask
    nawaztrichy's Avatar
    nawaztrichy Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Feb 3, 2009, 03:00 PM
    Homeowner's credit this year.
    I am working on H1B and planning on requesting the $7500 (or $15000) tax credit for first time home owners. Will be filing jointly, but my wife has ITIN. Am I eligible to get this credit?
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Feb 3, 2009, 08:07 PM

    Resident aliens even with ITIN are eligible.
    This credit is available for first time home buyers and those who did not own home in last three years. It is in fact interest free loan of up to $7,500.
    Your U.S. Tax Return: First-Time Homebuyer Credit
    nawaztrichy's Avatar
    nawaztrichy Posts: 3, Reputation: 1
    New Member
    		  
    #3

    Feb 4, 2009, 10:00 AM

    Thanks Makata for your answer and links.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

How does closing a 25 year old credit card account affect your credit? [ 5 Answers ]

I tried to close a credit card account that I don't use any more and their "trained" customer service person told me it was a bad move to remove a 25 year old account from my credit rating. I didn't think that the good information concerning this account would be removed from the report but he...

Summons - Homeowner's association [ 2 Answers ]

My management company has issued me a summons which I have to answer. Since this was my first time I went to the court house to answer it today, but was told I need to answer in writing. I went to another part of the courthouse and got the appropriate paperwork which I need to notarize and have...

Homeowner's Responsibility? [ 2 Answers ]

Is the homeowner responsible for the tree growing on the patch of grass near the sidewalk opposite to his/her house, just as he/she is responsible for cutting the grass on that patch? Any legal consequences?

Homeowner's association liens [ 1 Answers ]

There are several houses on our private road, and deeds include covenants that allow our "homeowners association" to assess for road maintenance, and stipulates a lien Can be placed on property for failure to pay. This ends up being about $ 75.00 per house Annually, and a one-time $ 150....

Homeowner's Association Dues [ 1 Answers ]

I am a member of a Homeowner's Association and we have yearly dues that mainly cover the repair of the irrigation system in our neighborhood. We have a few members who have never paid their share of the dues even though they use the irrigation system. I pay my dues, but do not use the irrigation...

View more questions Search