Tax Refund for First -Time Home Buyers
February 26, 2019 | Posted by: Cam Brown
Don't forget to take advantage of (or inform your tax service to take advantage of) the tax break for first-time home buyers!
$750 for 2018 first-time buyers. Don’t leave money on the table if you bought your first home last year ! You may be able to take advantage of the Home Buyers Tax Credit (HBTC) when you file your tax return. The $5,000 non-refundable HBTC provides up to $750 in federal tax relief. You qualify if neither you nor your spouse (or common-law partner) have owned and lived in another home for the past five years.
