Submitted By: Larrie
Answered: August 20, 2013 8:30 am

Is there a first-time homebuyer credit for someone who buys a house in 2013?

No. The first-time homebuyer credit ended in 2010 and it has not been extended. There’s probably no chance that Congress will change its mind anytime soon because the housing market has picked up.

advertisement
Tax Glossary

Inclusion amount for leased cars

Based on an IRS table, an amount that reduces a business deduction taken for payments on an auto leased for a minimum of 30 days.

More terms