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New Member
posted Mar 16, 2023 2:37:27 PM

How does the First Time Home Owners Credit work? I am eligible for 1500, but my refund does not change when it is added.

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1 Replies
Level 4
Mar 20, 2023 2:18:06 PM

The Home Buyers’ Amount (HBA) is a non-refundable credit that allows first-time purchasers of homes, and purchasers with disabilities, to claim up to $5,000 in the year when they purchase a home.

 

For more information, please see TurboTax webpage: Who Can Benefit From the Home Buyers' Amount

 

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