Home Buyer Tax Credit Info
If you are going to buy a home in Colorado in 2013, be sure you receive your IRS tax credit; it is worth thousands of dollars and can help you qualify for your mortgage loan as well.
You can receive IRS Tax Credits equal to 20%, 30% or 50% of the annual mortgage interest you pay each year. And you will receive these tax credits every year you live in your home.
There are 3 categories of homebuyers that qualify for these tax credits:
- First time homebuyers (haven’t owned a home in past 3 years)
- Non-first time homebuyers (have owned a home in past 3 years)
Above, under “Buyers”, select your category and learn more about how to receive your tax credits.