It would provide a refundable tax credit of up to $15,000 (or 10% of a property's value—whichever is less) that can be used towards a down payment and closing costs. State and community first homebuyer grants and loans in some cases, buyers can access financial support and assistance through state and local programs. See if you qualify for these tax credits.
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The credit is capped at $2,000 per year by the irs
