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If the Buyer(s)’ Income Exceeds These Limits, Can He/She Still Get a Credit?

April 26, 2017buyer credit exceeds income limits s

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If the Buyer(s)’ Income Exceeds These Limits, Can He/She Still Get a Credit?

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Yes, some buyers may still be eligible for the credit. The credit decreases for buyers who earn between $125,000 and $145,000 for single buyers and between $225,000 and $245,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Home buyers earning more than the maximum qualifying income—over $145,000 for singles and over $245,000 for couples are not eligible for the credit.