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Submitted By: Larrie
Answered: August 20, 2013 8:30 am
Answered: August 20, 2013 8:30 am
Is there a first-time homebuyer credit for someone who buys a house in 2013?
No. The first-time homebuyer credit ended in 2010 and it has not been extended. There’s probably no chance that Congress will change its mind anytime soon because the housing market has picked up.
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Tax Glossary
Fiscal year
A 12-month period ending on the last day of any month other than December. Partnerships, S corporations, and personal service corporations are limited in their choice of fiscal years and face special restrictions.
