Tagged: HBTC

First-Time Home Buyers’ Tax Credit (HBTC)

First-Time Home Buyers’ Tax Credit (HBTC)

For 2009 and subsequent years, the HBTC is a new non-refundable tax credit, based on an amount of $5,000, for certain home buyers that acquire a qualifying home after January 27, 2009 (i.e., generally means that the closing is after this date).