Dc First Time Home Buyer Tax Credit. Dc official code 42 1101 16. This federal tax credit is available to first time homebuyers in the district of columbia.
Since the dc tax credit is smaller 5 000 and cannot be taken simultaneously with the federal tax credit it has largely been ignored. First time homebuyer tax credit if you re a first time homebuyer in d c you may be entitled to a tax credit of up to 5 000. In general you may claim the credit if.
A dc first time homebuyer is defined as an individual purchaser who has never owned eligible property as the individual s principal residence.
In general you may claim the credit if. Who is a dc first time homebuyer. With all of the focus on the 8 000 federal first time homebuyer tax credit federal tax credit many have forgotten that dc offers a first time homebuyer tax credit dc tax credit as well. A dc first time homebuyer is defined as an individual purchaser who has never owned eligible property as the individual s principal residence.