First Time Home Buyer Credit 2024 – However, the first-time home buyer tax credit expired in 2010. Last year, there were a few efforts in Congress to reinstate a similar home-purchase incentive, but so far in 2024, no new tax credit . On the heels of the 2008 financial crisis, the Housing and Economic Recovery Act established a first-time homebuyer tax credit of up to $7,500 to assist new buyers in purchasing homes. The Worker .
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