The Federal Tax Credits Blog

Question: $6500 homebuyer tax credit?

I wanted to find out if I qualify for the $6500 homebuyer credit. I have lived in my residence for 7 years and want to buy a second vacation home. Do I qualify for the credit? If not, are there any ways around it that I can still qualify?

Answer: No, you don’t qualify since you will not be occupying the new place as your principal residence.

The ONLY way to qualify for the credit is to move into the new place as your principal residence for at least 3 full years from the closing date of the purchase.

You do NOT have to sell your old home, but you must move into the new one.

Related posts

• Homeowners Tax Credit 6500
• Tax Credit Homeowners 2010
• Tax Credit Current Homeowners
• Home Tax Credit 8000 Extended
• Home Buyer Credit 6500
• 8000 Tax Credit Deadline
• Tax Credit To Homeowners