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New Member
posted Jan 10, 2022 2:40:11 PM

How does the 2021 $15,000 new homebuyer credit work?

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3 Replies
Level 15
Jan 10, 2022 2:46:59 PM

What $15,000 new homebuyer credit?   Where did you see anything about a new homebuyer credit for 2021?  There is no federal new homebuyer credit---that ended in 2010.   Does your state have a new homebuyer credit that you are looking for?

Expert Alumni
Jan 10, 2022 2:56:28 PM

There used to be a new homebuyers credit that applied to federal income tax returns, but it expired in 2010, so it is no longer available. There may be legislation passed in the future, but as of now, there is no first-time homebuyers credit available on federal income tax returns.

Level 15
Jan 11, 2022 6:47:21 AM

Such a bill was introduced in the U.S. House of Representatives back in April of 2021, but never went any further.