How does the $7,500 tax credit for first time home buyers work?

home buyers
My husband has owned a house in the past three years, but this is my first home to ever own. Both of our names are on the mortgage. Will we qualify since one of us is a first time home buyer?

No related posts.

3 Responses to “How does the $7,500 tax credit for first time home buyers work?”


  1. 1Theresa

    You might, just ask but that money does have to be paid back.

  2. 2src50

    You will not qualify if your husband owned a home as you say.

  3. 3wildbirdie

    According to IRS notice 2009-12 (link below) it would appear that if either of you had an ownership interest in a house in the last three years, then you don’t qualify. Sorry.

Comments are currently closed.