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The first-time homebuyer tax credit no longer exists; the U.S. government offered this program for first-time homebuyers from 2008-2010. A first-time homebuyer tax credit offers a direct reduction ...
“First-time homebuyers who break into their IRAs to come up with the down payment do not have to pay the 10% penalty normally applied to withdrawals taken before age 59 1/2,” said Lisa Greene ...
Congress meets occasionally to review and adjust the tax code, so first-time homebuyers must keep on their toes to understand year-to-year tax changes. 7 tax breaks every first-time homebuyer must ...
“First-time homebuyers who break into their IRAs to come up with the down payment do not have to pay the 10% penalty normally applied to withdrawals taken before age 59 1/2,” said Lisa Greene ...
A federal bill could create a $15,000 tax credit for first-time homebuyers, ... ($13,850) as well as any other deductions, contributions to pre-tax retirement plans and, ...
First-time homeowners are often nervous about all the new reporting they have to do during tax season. Instead of fretting, turn your anxiety into curiosity because there are many deductions and ...
6. Seek Tax Deductions for Homeowners. Although you can’t currently get a first-time homebuyer tax credit, the IRS lists several federal tax deductions that can reduce your taxable income. Some ...
What is the first-time homebuyer tax credit? This former tax break for homebuyers has been discontinued. Here are alternatives. Bankrate 5 days ago How to use your HSA as a retirement plan.