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Where do I claim the home buyers' amount?

by TurboTax•9• Updated 2 months ago

The Home Buyers’ Amount (HBA) is a nonrefundable credit that allows qualifying first-time home buyers and purchasers with disabilities to claim up to a $10,000 amount on line 31270 of their tax return, for a 15% tax credit of up to $1,500. Spouses or common-law partners can divide the credit between their returns.

Note: Purchasers with disabilities aren't required to be first-time home buyers to qualify for this credit.

Select your TurboTax product and follow the instructions.

  1. At the Tax home screen, under Add to your return, enter first and select First Time Home Buyer’s Amount.
  2. At the First-Time Home Buyers' Tax Credit screen, if you’re eligible for the current tax year, answer the questions and enter the amount you want to claim, then continue.
  1. Select the Find icon.
  2. Enter first in the search bar, select First time home buyers’ tax credit and select Go.
  3. At the First time home buyers' tax credit screen:
    • Answer the questions and continue.
    • Enter the amount of the $10,000 maximum that you want to claim, and continue.