Discussion:First Time Home Buyer Tax Credit Refundable Question

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Jake (Talk | contribs)
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Revision as of 18:58, 3 June 2009

Discussion Forum Index --> Advanced Tax Questions --> First Time Home Buyer Tax Credit Refundable Question
Discussion Forum Index --> Tax Questions --> First Time Home Buyer Tax Credit Refundable Question

Jake (talk|edits) said:

3 June 2009
Probono client has minimial income - pays no tax. Usually does not even file a tax return. Lives on disability. Has saved $2,000. We could all learn on how to live on next to nothing from him. Wants to buy small home costing about $30,000 - cheap because it needs work, not in best neighborhood and fronts on a busy major street. It seems to me that he could get a $3,000 tax credit for this but that also seems too good to be true. Looking here for info on anything I may have missed.