Housing Assistance: An Inventory of Fiscal Year 2010 Programs, Tax Expenditures, and Other Activities
U.S. Government Accountability Office
District of Columbia first-time homebuyer tax credit
| Administering Agency/Entity |
Internal Revenue Service |
| Short Description |
Allowed first-time homebuyers of a principal residence in the District of Columbia to claim a credit of up to $5,000 ($2,500 if married filing separately). The credit was reduced for individuals with modified adjusted gross income (MAGI) of more than $70,000 ($110,000 if married filing jointly) and zero for MAGI of more than $90,000 ($130,000 if married filing jointly). This provision expired on December 31, 2011. |
| Primary Purpose |
Assistance for buying, selling, or financing a home |
| Type of Housing Supported |
Homeownership |
| Type of Assistance |
Tax credit |
| Estimated Revenue Loss1 |
Revenue losses for fiscal year 2010 were not estimated by reasury or by the Joint Committee on Taxation. This provision expired on December 31, 2011. |
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