Are there any tax credits available for home purchases in 2010?

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My wife and I will be closing on our first home purchase before the end of 2010. We are first time buyers and we’re using a USDA loan. Are there any tax credits we should be aware of? I wish we didn’t miss last years $8,000 credit!

4 comments to Are there any tax credits available for home purchases in 2010?

  • Matilde  says:

    Purchase is not incidentally as first as it is beginning

  • ibu guru  says:

    There are no more tax credits. If I recall, the extension of the “Bush Tax Cuts” keeps the deductibility of interest paid on your mortgage, so you still have that to look forward to for 2011-2012.

  • tro  says:

    there was an extension of the purchase date but it sounds like you missed that too

  • Bostonian In MO  says:

    Unless you or your spouse were in the military, foreign service, or intel community and served outside of the US in the past year it’s too late for the FTHB credit. The closing date deadline was Sep 30, 2010 as long as you were under contract by April 30, 2010.

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