Review Of First Time Home Buyer Tax Credit Irs Form 2022. Published on july 2016 | categories: Only be used as your principal residence.

Up until 2021, the tax credit amount was $5,000, but in 2022 legislation was passed to increase this to $10,000. Form 8859 consists of just four short lines: You can claim up to $5,000 for the purchase of a qualifying home in the year if both of the following apply: