How come we are not getting the tax credit for purchasing our home in September 2017 ?

weediejoyce89 — Thu, 06 Jun 2019 15:26:00 GMT

Unfortunately, there is no special credit available for p...

DawnC0 — Thu, 06 Jun 2019 15:26:02 GMT

Unfortunately, there is no special credit available for purchasing a home. However, you can deduct your mortgage interest and property taxes. Because you purchased the home in September, you only have interest and taxes for a few months. Next year in 2018, when you will have a full year of interest and taxes, you are more likely to see a tax benefit.

Mortgage interest and property taxes are itemized deductions. The total of your itemized deductions must be larger than your standard deduction before you will see a change in your refund.

topic How come we are not getting the tax credit for purchasing our home in September 2017 ? in Deductions & credits

How come we are not getting the tax credit for purchasing our home in September 2017 ?

Unfortunately, there is no special credit available for p...