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First time homebuyer tax credit

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First time homebuyer tax credit

Unfortunately, there is no First Time Homebuyer's Credit.  This credit was only allowed for homes purchased in 2008, 2009, or 2010.

If you purchased a home during the year however, you'll want to make sure that you take advantage of all of the deductions that may be available to you related to this home:

  • Mortgage Interest Expense
  • Real Estate Taxes
  • Points
  • Certain Mortgage Insurance Premiums

For more information on these deductions, please see this TurboTax Guide to Home Ownership

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