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Old 01-29-2009, 02:17 AM
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Will the First Time Home Buyers Credit differ based on taxpayers filing status?

Actually the First Time Home Buyers Tax Credit is in general equal to $7,500 for a qualified home purchase, whether or not the qualified home buyer files his or her taxes either as a single filing status or married filing joint status..

But, the IRS states that "if a household files their taxes as "married filing separately" (in effect, filing two returns), then the credit of $7,500 is claimed as a $3,750 credit on each of the two returns."

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