How Much House Can I Comfortably Afford

Steps To Buying A New Home Texas First time home buyer tax credit First-time home buyer tax Credit (MCC) can be used once a year up to $2,000 to offset any tax obligations. The first-time home buyer tax credit isn’t just money that you can write off on your taxes at the end of the year but instead it’s an actual credit that can be added to your refund or help.