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Salt Lake City Real Estate Blog

Salt Lake City Blog for Russian and English speaking community looking for real estate, legal and translating services and/or information

801-649-5883

801-649-5883
Marina Vialtsina
Showing posts with label tax filling status. Show all posts
Showing posts with label tax filling status. Show all posts

Monday, December 15, 2008

Does the credit amount differ based on tax filing status?

No. The credit is in general equal to $7,500 for a qualified home purchase, whether the home buyer files taxes as a single or married taxpayer. However, if a household files their taxes as "married filing separately" (in effect, filling two returns), then the credit of $7,500 is claimed as a $3,750 credit on each of the two returns.
Written by Marina Vialtsina (801) 649-5883 at 1 comment:
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