If I am a first time home buyer and I purchased a car this year and paid all cash are their any federal credit or state credits?

[xmasbaby0 · Accepted solution]

No, there are no Federal credits for paying cash for your house or for your car.  If you paid any property taxes in 2016 for the house, you can enter them by going to Deductions and Credits>Your Home>Property Taxes

As for the car, you might be able to deduct sales tax you paid in 2016:

SALES TAX

You can enter the sales tax you paid for the car you purchased in 2016 by going to Federal>Deductions and Credits>Estimates and Other Taxes Paid> Sales Tax.  You will be asked if you paid sales tax on a major purchase, and you will be able to enter the sales tax you paid for your new vehicle. 

Sales tax is an itemized deduction.  If your state has a state income tax, you have to choose between using the deduction for your state tax paid OR the sales tax deduction, whichever is higher.  The TT process will suggest one or the other as you prepare your return.