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

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

    Key takeaways. 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 ...

  3. Community Reinvestment Act - Wikipedia

    en.wikipedia.org/wiki/Community_Reinvestment_Act

    The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.

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

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

    Federal legislators have proposed bringing back a federal first-time homebuyer tax credit program that would offer up to a $15,000 credit to those eligible. ... Single-family home: $441,750 (110% ...

  5. 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.

  6. 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).

  7. 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 ...

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