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.

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Tax Glossary

Straddle

Taking an offsetting investment position to reduce the risk of loss in a similar investment.

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