If you, your spouse or common-law partner haven’t owned a home that you've lived in, in the past 4 years, or haven’t ever owned one, you may qualify for the First-Time Home Buyers’ Tax Credit (HBTC). It's also called the Home Buyers’ Amount. What's the HBTC? The HBTC...
A tax credit for first-time homebuyers isn’t the only way to save money on your first home. First-time homebuyer loans, down payment assistance, homebuyer grants and other programs can also cut down on the initial expenses of buying a primary residence. Here are some options:...
First-Time Homebuyer Tax CreditMahala BittmanK. FinleySmith, Sheldon R. (forthcoming). "The First-Time Homebuyer Tax Credit" Journal of Business and Accounting.
The federal first-time homebuyertax creditwas part of the massive effort to bail out the U.S. economy during the Great Recession that began in 2007–2008. It applied to home purchases made by qualified first-time buyers between April 9, 2008, and July 1, 2009. The Obama administration ex...
The tax credit can be claimed each year the homeowner continues to reside in the property. Sadly, the program was suspended in February 2023. In any case, keep an eye on RIHousing for updates as it might be relaunched. Other Rhode Island first-time home buyer assistance programs ...
Tax credits, known as mortgage credit certificates, are also available through some first-time home buyer programs. » MORE: Find first-time home buyer programs in your state Mortgage loans from our partners Best Mortgage Lenders First-time Buyer Refinance HELOC Home Equity Loans Check Rate on...
Note: The content of this video applies only to taxes prepared for 2009 and 2010. It is included here for reference only. In November 2009, the federal government extended and expanded the popular First-Time Homebuyer's Credit program. It lets you trim y
We put together this guide for first-time homebuyers to make the whole process just a little less confusing. Not everything in here will be a perfect fit for your situation or budget, but we can at least help you find your footing as you start looking for that first home. Check out th...
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As a first-time home buyer, you have access to strong incentives to help you turn your dream into a reality. Check out your options or contact us to learn more.