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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. Biden says his $5K per year housing credit will help over 3 ...

    www.aol.com/finance/biden-says-5k-per-housing...

    President Joe Biden has proposed a new tax credit that would provide $5,000 per year — over two years — for first-time homebuyers. The credit would offset the costs of purchasing a home ...

  4. Recognizing the financial pain felt by millions of working families, President Biden has proposed a $10,000 tax credit for first-time homebuyers and people who sell their starter homes.

  5. Mortgage Credit Certificate - Wikipedia

    en.wikipedia.org/wiki/Mortgage_Credit_Certificate

    The MCC program is designed to help first-time homebuyers offset a portion of their mortgage interest on a new mortgage as a way to help homebuyers qualify for a loan. Because it is a tax credit and not a tax deduction , mortgage lenders will often use the estimated amount of the credit on a monthly basis as additional income to help the ...

  6. 4 States Offering Unique Tax Breaks for New Homeowners - AOL

    www.aol.com/4-states-offering-unique-tax...

    Several states offer tax relief to first-time homebuyers via mortgage credit certificates (MCC), with one example being in North Carolina. ... Remember, a tax credit is a direct reduction in the ...

  7. 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).

  8. Would it help? Fed legislation would create $15,000 tax ... - AOL

    www.aol.com/help-fed-legislation-create-15...

    In 2008, 2009 and 2010, first-time homeowners could also claim a refundable tax credit from the purchase of their house, although the cap at the time was set at $7,500. That was increased to ...

  9. Worker, Homeownership, and Business Assistance Act of 2009

    en.wikipedia.org/wiki/Worker,_Homeownership,_and...

    Besides extending the $8,000 tax credit for first time home buyers until April 2010, the Act also provides a $6,500 tax credit for current homeowners who purchase a home between November 6, 2009 and end of April 2010. [7] The Act also increases the income limits to qualify for the credit.

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