First-Time Homebuyer / Home Owner Credit
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If you claimed the First-Time Homebuyer 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:

  1. From within your TaxAct return (Online or Desktop) click Federal. On smaller devices, click in the upper left-hand corner, then choose Federal.
  2. Click Taxes in the Federal Quick Q&A Topics menu in the middle of the screen to expand the category and then click Repayment of first-time homebuyer credit
  3. The program will proceed with the interview questions for you to enter or review the appropriate information