First-Time Home Buyer Tax Credit Ended but Help Exists. – The first-time home buyer tax credit. The next year, Congress increased the amount to $8,000. After that, the legislation changed a few more times, so depending on when you bought your home, the credit was either a true tax credit gifted to you, or it was essentially an interest-free loan that had to be repaid.
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Contents Families afford home ownership Fica tax withholding Income tax rate Texas tax tables a new form W-4 on February 28 th and an online withholding calculator to assist employees