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Level 1
June 1, 2019
Question

Is there a tax break for purchasing a home in 2016 with first payment due January 2017?

  • June 1, 2019
  • 1 reply
  • 7 views
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1 reply

Level 10
June 1, 2019

No. The Federal Government got rid of the new homeowner credit. If you had any real estate taxes or mortgage interest you could claim this. I would also recommend checking your State and see if they have anything for home buyers.

https://turbotax.intuit.com/tax-tools/tax-tips/General-Tax-Tips/Life-Events-and-Your-Taxes/INF12082....