Individual Credit Application - District of Columbia 2025

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The applicant for the reduced rate of tax must be or intend to be a District resident and a first-time District homebuyer. Line 1 To be eligible for the reduced rate of tax, the applicant must be a District resident or intend to immediately become a District resident at the time the deed is offered for recordation.
First-Time Homebuyer Individual Income Tax Credit This federal tax credit is available to first-time homebuyers in the District of Columbia. The credit is the smaller of: $5,000, if single, married filing jointly, head-of-household, or qualifying widow(er) ($2,500, if married filing separately) or.
Tax Credit in General A first- time homebuyer is an individual who, with his or her spouse if married, has not owned any other principal residence for three years prior to the date of purchase of the new principal residence for which the credit is being claimed. The taxpayer exceeds the income limits.
The District of Columbia Earned Income Tax Credit (DC EITC) Because the DC EITC is a refundable credit, a person who qualifies for this credit may receive a refund even if they do not owe any taxes for the year. For tax year 2024, the DC EITC is 70% of the federal EITC.
The Individual Income Tax Credit reduces the DC individual income tax liability of eligible homeowners and renters by up to $1,375. To be eligible to file, the total 2024 federal adjusted gross income (AGI) of your tax filing unit must be $63,900 or less if you are under age 70.
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$5,000 for all filing status except Married Filing Separate ($2,500) or. Purchase price of the home.
What Is the DC Schedule H Tax Credit? The DC Schedule H Tax Credit, also called the DC Homeowner and Renter Property Tax Credit (HRPTC), provides up to $1,375 in property tax relief for qualifying residents (the amount varies by tax year).

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