$8000 Home Buyer Tax Credit Stimulus for Married/ planning to marry 2009

2009 $8000 home buyer tax credit- Married or planning to MarryObama unveiled a Economic Stimulus Package in order to revive the economy. One of the key provisions in 2009 Obama Economic Stimulus plan is the housing stimulus bill. This housing stimulus, also referred to as $8000 first time home buyer tax credit is a refundable tax credit given to qualifying first time home buyers who purchase homes between January 1 2009 and December 1 2009. Read my detailed post on 8000 housing tax credit- details explained for a gentle introduction to this housing tax rebate. I am writing this post in response to the 100+ comments i recieved for on the above mentioned post on federal 8000 home credit, especially to clarify some of the points for First time home buyers who are married or are planning to marry in 2009 and also purchase a home. Here are the key points.

  1. If you are married, in order to qualify for the $8000 first time home buyer tax credit, both you and your spouse must be first time home buyers. A first time home buyer is one who has not owned a principal residence in the past three years. Thus if your husband/wife owned a house in the recent past and that house was a principal residence, (which means it was not rental property or vacation home) then unfortunately you do not qualify for the 8000 home credit.
  2. If you are planning to marry in 2009 and also planning to buy a house in 2009 then it may matter in which order you do this. For the purpose of qualifying for this $8000 home buyer tax credit only your martial status on the date of purchase matters. Note that is your fiance/fiancee is not a first time home buyer and you are, then it is better that you buy a house first, claim the $8000 home buyer tax rebate and then get married.
Please read my main post on $8000 home buyer tax credit or housing stimulus for more details. For unmarried joint purchases read my post on $8000 home buyer tax credit for unmarried joint purchases.

Mar 9, 2009


Anonymous March 13, 2009 at 12:20 PM  

I understand if you are married that both spouses must be first time homebuyers, but what if they file MFS - can the spouse who has never owned a home qualify to get a $4000 credit?

Anonymous April 1, 2009 at 3:52 AM  

Most likely not. We're in the same boat Just got married March 7th and now buying a home. Stupid rules!!!

Anonymous April 19, 2009 at 9:26 PM  

I agree it's unfair!

Anonymous June 3, 2009 at 7:59 PM  

I am planning to by house in July and get married in August. My wife to be has house. Will I be eligible for $8.000 tax credit? Or because we will file taxes after marriage I will not get it? Will it make difference if we will file separate taxes?

Anonymous July 11, 2009 at 8:39 AM  

My husband is purchasing a home but I will not be on the loan. Will we still get the full credit or only half?

Anonymous July 25, 2009 at 11:38 PM  

My husband purchased a home 2 1/2 years ago(i am not on the loan or deed). it is now a rental property are we able to qualify for the credit if the new home we buy is our primary residence?

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