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Where do I claim the home buyers' amount?

by TurboTax•9• Updated 2 weeks 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 steps.

  1. Answer the initial Personal info interview questions if you haven't already. This unlocks 2024 tax return. From under To do, select Personal profile and complete the personal profile.
  2. At 2024 tax return, under Add to your return, enter first and select First Time Home Buyer’s Amount.
  3. At First-Time Home Buyers' Tax Credit, 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 First time home buyers' tax credit:
    • Answer the questions and continue.
    • Enter your amount, up to the $10,000 maximum, and continue.