The phrase "homebuyer tax" refers to a type of tax incentive or deduction provided to individuals or families who are purchasing a new home. It is a benefit that reduces the amount of taxes they need to pay, making buying a home more affordable.
You still have time to take advantage of the first - time homebuyer tax credit of up to $, 8000. (loanbiz.com)
The first - time homebuyer tax credit of 2010 resulted in a record - high market share of 50 percent for novice buyers. (veteransunited.com)
FHA notes that the pending expiration of homebuyer tax credits and the increase in FHA up front mortgage insurance premiums (UFMIP) likely contributed to the surge of FHA applications in March. (fhaloanpros.com)