1st Time Homebuyer Credit-Income Limits?

[zeros]

I didn't think I would get any FTBC but have received inquiry for two in the last week. Client is married now in 2009 and purchasing house in Sept 09. His 2008 gross income was $89K and his wife is $46K. He wants to amend his 2008 return and claim the credit. What is the income limitations and would he be over the limit with the combined income? I assume he would amend "his" 08 return and claim the credit?

[Gene V]

I didn't think I would get any FTBC but have received inquiry for two in the last week. Client is married now in 2009 and purchasing house in Sept 09. His 2008 gross income was $89K and his wife is $46K. He wants to amend his 2008 return and claim the credit. What is the income limitations and would he be over the limit with the combined income? I assume he would amend "his" 08 return and claim the credit?

You can claim the credit for MFJ income of $150,000, you can go up to $170,000 if
Modified adjusted gross income does not exceed.

For better information--see instruction for Form 5405