I did not put us as first time home buyers on last years taxes. Do I need to amend them?

[josephandteri]

I looked into it, and it appears that there is no tax credit available for purchasing a home in 2015? If I do not need to amend, okay, but I wan to be sure.

[AnnS7 · Accepted solution]

No, there was no First-Time Homebuyer Credit offered in 2016.  You will not need to amend for that reason.

If you purchased a new home in 2016, you may have been able to deduct qualified mortgage interest and real estate taxes if you itemized your deductions on Schedule A.  Sometimes in the first year of home ownership, the standard deduction still exceeds your itemized deductions.  TurboTax will deduct the greater of the standard deduction or itemized deductions choosing the one that lowers your overall tax liability.