Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Feb 10, 2025 5:43:56 PM

Turbotax will not let me add my first time homebuyer credit form 5405. How do I make this work?

0 1 470
1 Replies
Expert Alumni
Feb 11, 2025 6:42:12 AM

The first time homebuyer credit is not available in 2024.

 

  • The first-time homebuyer tax credit was offered from 2008 to 2010. 
  • The First-Time Homebuyer Tax Credit would be a $15,000 federal tax credit for first-time home buyers. 
  • It has not been introduced as a bill as of February 10, 2025 in the 119th Congress (2025-2026).
  • It was introduced in each of the prior two congressional sessions and did not receive a vote in either.

Can You Still Take the First-Time Homebuyer Credit?