The house is gonna pass it next week. 10% of sale price. Maximum is 7,500 per buyer. Your AGI cannot be more than $75000 for single. The news is all over the internet.
r*s
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AGI means the adjusted income before tax, right? I am going to file jointly and if total AGI less than $150000, can I still claim for this deductioin? Also, if file jointly, the total deduction limit should be $15000, right? thanks a lot