My wife and I bought a home on 3/31/2010. My name is the only one on the mortgage though both names are on the deed.

Prior to this we lived in Pennsylvania. My wife's name was the one on themortgage for that home from January 2005 until we sold it in July, 2010. We moved out at the end of March 2010.

My question is, can we claim the $6500 tax credit since my wife's name was on the mortgage of the home we sold (my name was on the deed with her) but my name is on the new mortgage, and not hers.

Thank you.

“can we claim the $6500 tax credit since my wife's name was on the mortgage of the home we sold (my name was on the deed with her) but my name is on the new mortgage, and not hers.”----> As married taxpayers to qualify for the long-time homeowner’s credit, both you and your spouse must have owned and used the same previous principal residence for 5 consecutive years out of the 8-year period ending on the date of purchase of the new principal residence to qualify for the credit. If you can satisfy the requirement as the long- time homeowner’s credit, then Yes you can; as long as both of the names are on the deed.