Am I Eligible for the First Time Home Buyer Tax Credit?

You qualify for the first time home buyer tax credit if:

  • You purchase a home (either new or previously occupied) between January 1, 2009 and December 1, 2009 and
  • you are a “first time home buyer”, meaning you have never owned a home or you have not owned a home that serves as your principal residence for three years prior to the date of purchase.

Married Home Buyers: If you are married, both you and your spouse must qualify as first-time home buyers. Therefore, if one of you owned a principal residence within three years, neither of you can claim the credit.

Unmarried Joint Home Buyers: If you are unmarried but purchasing a home together (such as unmarried partners, parent/child, etc.), and only one of you meet the requirements as a first time home buyer, the purchaser who qualifies may claim the credit on his or her tax return.

Investment and Vacation Properties:
If you currently own or have owned within the last three years one or more properties that are rented to others or used solely as vacation homes and not your principal residence but you do not currently own a principal residence, you still qualify for the first time home buyer tax credit.

First Time Home Buyer Resources