
22 May First Time Home Buyer Credit Repayment Tool
Posted at 00:00h
in Tax Credit
The First Time Home Buyer Credit (FTHBC) Account Look-up tool is now up and running on the IRS website. This tool provides information that helps taxpayers accurately report their FTHBC repayment obligations on their federal tax return. To access this tool, go to:
http://www.irs.gov/individuals/article/0,,id=252351,00.html
Taxpayers need to enter their Social Security Number, date of birth, and complete address. Taxpayers will be able to check on the original amount of the credit, annual repayment amount, total amount paid (with the most recent account update) and the total balance left to be paid.