Incredible First Time Home Buyer Credit For 2008 Ideas. On the 2008 tax return, a tax credit of $7,500 was. First‑time purchasers of homes greater than $368,000 would receive a maximum refund of $4,000.

First time home buyers' tax. When the program began in 2008, you were allowed a. First‑time purchasers of homes greater than $368,000 would receive a maximum refund of $4,000.