The First-Time Homebuyer Credit has expired and is not available for 2014.
If you claimed the credit in a previous year, you can access your account information using the IRS Look-up Tool
. This will provide you with your total credit amount, repayment amount, and other information.
If you claimed the credit for a home purchased in 2008, or if you claimed the credit for a home that ceased to be your main home within 36 months, you may need to repay the credit. To enter repayment information in the TaxACT program:
- From within your TaxACT return (Online or Desktop) click on the Federal Q&A tab
- Click Taxes to expand the category and then click Repayment of first-time homebuyer credit
- The program will proceed with the interview questions for you to enter or review the appropriate information