TAX MYTH – First Time Home Buyers
Written By Kyle on February 22, 2017
We are looking at the First Time Home Buyers amount; a $5,000 non-refundable tax credit that can save you up to $750. Tax Myth: The First Time Home Buyer’s tax credit is based on your percentage ownership of the property That is incorrect. Last year, we talked to a young couple that recently purchase a home. On the “tax advice” of their lender, they were told that the First Time Home Buyer’s tax credit is based on their percentage ownership. The […]
