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Browse: Home / MONEY / Taxes

I purchased a home with my sister in January, can we both claim the tax credit?

WhasianRockStar: I purchased a home with my sister in January, can we both claim the tax credit?
I closed on my home in January of 2010. My sister went in on the house with me, and both our names are on the title. We don’t file independently. Can we both claim the $ 8,000 tax credit as we are both first time homebuyers?

Answers and Views:

Answer by Judy
If you are dependents, neither of you qualify for the credit.

And the $ 8000 is maximum per house, so if you did qualify, you could split the credit, but couldn’t each claim $ 8000.

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