The Best First Time Home Buyer Tax Deductible 2022. Beginning january 1, 2017, no land transfer tax would be payable by qualifying first‑time purchasers on the first $368,000 of the value of the consideration for eligible homes. March 12, 2021 | claire tak.

Learn more on how to participate in the home. Tax day is monday, may 17, 2021. You can claim up to $5,000 for the purchase of a qualifying home in the year if both of the following apply: