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Deductions & credits
No, there is not a federal tax credit for a home purchase. Some states may have a deduction or credit available for a home purchase and the TurboTax state will cover it if available.
You can deduct on the federal tax return as an itemized deduction on Schedule A any mortgage interest paid, real estate taxes paid and points paid on the new loan, if any.
‎February 21, 2024
7:13 AM