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

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

   The first-time homebuyer tax credit no longer exists; the U.S. government offered this program for first-time homebuyers from 2008-2010. ... are tax deductions, you may also receive a tax credit ...

3. 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.

4. Avoid These Home Tax Deduction and Credit Mistakes - AOL

   www.aol.com/2013/01/31/avoid-these-home-tax...

   By G. M. Filisko As you calculate your tax returns, consider each home tax deduction and credit you are - and are not - entitled to. Running afoul of any of these 9 home-related tax mistakes ...

5. Mortgage Credit Certificate - Wikipedia

   en.wikipedia.org/wiki/Mortgage_Credit_Certificate

   The amount of mortgage credit allowed varies depending on the state or local government that issues the certificates, but is capped at a maximum of $2000 per year if your State's rate is over 20%, by the IRS. As an example, if a homebuyer were to receive an MCC that offers a 30% credit on a $200,000 loan for 30 years with a rate of 6%, the ...

6. Tax credit - Wikipedia

   en.wikipedia.org/wiki/Tax_credit

   These credits are phased out at incomes above $50,000 ($100,000 for joint returns) in 2009. Expenses for which a credit is claimed are not eligible for tax deduction. First time homebuyers credit up to $7,500 (closing date before Sept. 30, 2010). Credits for purchase of certain nonbusiness energy property and residential energy efficiency ...

7. First-time homebuyers credit, courtesy of the IRS - AOL

   www.aol.com/2009/01/20/hold-beth-first-time...

   Part the Housing and Economic Recovery Act of 2008 is a tax credit for those buying a home for the first time. It's not exactly free money for you. Rather, it's a chance to get a $7,500 interest ...

8. Section 179 depreciation deduction - Wikipedia

   en.wikipedia.org/wiki/Section_179_depreciation...

   First, there is a dollar limitation. Under section 179(b)(1), the maximum deduction a taxpayer may take in a year is $1,040,000 for tax year 2020. Second, if a taxpayer places more than $2,000,000 worth of section 179 property into service during a single taxable year, the § 179 deduction is reduced, dollar for dollar, by the amount exceeding ...

9. First-time homebuyer guide - AOL

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

   In certain tax circumstances, the IRS considers someone who hasn’t owned a home in the prior two years a first-time buyer, as well. ... An MCC offers a dollar-for-dollar federal tax credit, up ...