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  2. What is the first-time homebuyer tax credit? - AOL

    www.aol.com/finance/first-time-homebuyer-tax...

    A first time homebuyer tax credit offers a direct reduction of the amount of income tax you owe. The U.S. federal government offered a tax credit program to first-time homebuyers (including those ...

  3. First-time homebuyer guide - AOL

    www.aol.com/finance/first-time-homebuyer-guide...

    In certain states, first-time homebuyers might also qualify for a mortgage credit certificate (MCC), essentially a dollar-for-dollar federal tax refund of a percentage of their annual loan ...

  4. New Homeowners: Here’s What You Need To Know for Your Taxes

    www.aol.com/finance/homeowners-know-taxes...

    The first-time homebuyer tax credit created under President Barack Obama’s administration has been discontinued, but first-time buyers can still benefit from a number of other programs.

  5. Housing and Economic Recovery Act of 2008 - Wikipedia

    en.wikipedia.org/wiki/Housing_and_Economic...

    Included a first-time home buyer refundable tax credit for purchases on or after April 9, 2008 and before July 1, 2009 equal to 10 percent of the purchase price of a principal residence, up to $7,500. Phased out the credit for taxpayers with incomes over $75,000 ($150,000 for joint returns).

  6. First home savings account - Wikipedia

    en.wikipedia.org/wiki/First_Home_Savings_Account

    A first home savings account (FHSA, French: Compte d'épargne libre d'impôt pour l'achat d'une première propriété, CELIAPP) is a financial account offered in Canada since 2023, intended to help first-time homeowners afford a down payment. It has an annual contribution limit of $8000 CAD, up to a total limit of $40,000.

  7. American Recovery and Reinvestment Act of 2009 - Wikipedia

    en.wikipedia.org/wiki/American_Recovery_and...

    This only applies to first-time homebuyers. $4.7 billion: Excluding from taxation the first $2,400 a person receives in unemployment compensation benefits in 2009. $4.7 billion: Expanded earned income tax credit to increase the earned income tax credit – which provides money to low income workers – for families with at least three children.

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