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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. 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. 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 ...

5. Tax credit - Wikipedia

   en.wikipedia.org/wiki/Tax_credit

   The Lifetime Learning Credit [24] is 20% of the first $10,000 of cumulative expenses. 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).

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

   www.aol.com/news/homeowners-know-taxes-200035500...

   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 ...