The D.C. $5,000 first time homebuyer tax credit was not renewed for 2012 tax year, meaning new homeowners debating whether to buy this year lost that incentive to purchase a home. However, this year’s low interest rate climate still offers new homebuyers the same encouraging mortgage environment as established homeowners looking for a new purchase.
The D.C. $5,000 First Time Homebuyer Tax Credit has been offered to D.C. residents for the past 15 years to help make home buying more affordable. But this year, the D.C. $5,000 First Time Homebuyer Tax Credit was not included in the American Taxpayer Relief Act that President Obama signed recently. The credit began in 1997 and had been renewed each year since. But now, anyone who purchased their homes in…
