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There are many tricky parts to this question.
First, fill out form 8379, Injured Spouse Allocation. That at least gives you a starting point. If you are the only person on the purchase of the house and mortgage, I would think all of the credit would be allocated to you under the credit part.
But there are other calculations. So fill out the form to get the basic calculation and call the IRS. Form is easily found online.
If your wife has negligible income or withholdings or none, it should be pretty easy.
ps Your wife should pay her student loans.
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