First-time homebuyer tax credit - 洛杉磯

The first-time homebuyer tax credit is not $8000 for everyone!

Assuming
- you purchased a house this year before the deadline,
- the purchase price is at least $80000 and
- you qualify for the first-time homebuyer tax credit,
let x denote your modified adjusted gross income.

If you are single:

╭ 8000 if x ≦ 75000,
credit(x) = ┤ 38000 - 0.4x if 75000 ＜ x ＜ 95000,
╰ 0 if x ≧ 95000.

MAG-income│credit
─────┼───
≦ 75000 │ 8000
77500 │ 7000
80000 │ 6000
82500 │ 5000
85000 │ 4000
87500 │ 3000
90000 │ 2000
92500 │ 1000
≧ 95000 │ 0


If you are married filing jointly:

╭ 8000 if x ≦ 150000,
credit(x) = ┤ 68000 - 0.4x if 150000 ＜ x ＜ 170000,
╰ 0 if x ≧ 170000.

MAG-income│credit
─────┼───
≦ 150000 │ 8000
152500 │ 7000
155000 │ 6000
157500 │ 5000
160000 │ 4000
162500 │ 3000
165000 │ 2000
167500 │ 1000
≧ 170000 │ 0


If you are married filing separately:

╭ 4000 if x ≦ 75000,
credit(x) = ┤ 19000 - 0.2x if 75000 ＜ x ＜ 95000,
╰ 0 if x ≧ 95000.

MAG-income│credit
─────┼───
≦ 75000 │ 4000
77500 │ 3500
80000 │ 3000
82500 │ 2500
85000 │ 2000
87500 │ 1500
90000 │ 1000
92500 │ 500
≧ 95000 │ 0

Source: IRS Form 5405

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