The Best First Time Home Buyer Tax Credit Military Repayment Ideas. You can save up to $2,000 a year,. To repay the credit, you must add $500 (which is 1/15 of.

In this case, the original land transfer tax amount was $2,975. The first time home buyers' tax credit is designed to help recover closing costs such as legal expenses, inspections and land transfer taxes. First time home buyers' tax.




