First-time homebuyer tax credits are available through government programs that make homeownership more accessible for Americans. Tax credits can make buying your first home easier by assisting with your down payment or closing costs. Some states offer tax credits for first-time homebuyers. These programs typically come with individual requirements on income or property size, so check your state’s website to see if you qualify. Some programs offer mortgage credit certificates (MCC) which are tax credits for the mortgage interest you pay each month. The credit varies by how much mortgage interest you pay and where you live. First-time homebuyers are also eligible for the same tax deductions typically available to all homeowners, such as mortgage interest, mortgage insurance, or mortgage points. Consult your tax advisor for details.