Severe Weather Alert Follow Us On Twitter #KCRGWX

Winter Weather Alert Follow Us On Twitter #KCRGWX

Current Alerts

Current Alerts Click to learn more

X Close

Live Scoreboard

Total Yards:
Passing Yards:
Rushing Yards:

Total Yards:
Passing Yards:
Rushing Yards:

Game Highlights

Scoreboard refreshes every five minutes
Click Here for our Friday Night Lights live stream and game chat

Swipe left and right to view more scores

Scores refresh every five minutes. View more scores

New Program Offers $2,000 Tax Credit to Iowa Home Buyers

-->
  • Video
  • Photo
Video player is loading
CEDAR RAPIDS, Iowa - Home buyers may be eligible for a tax credit of up to $2,000 through a new program announced Tuesday by the Iowa Finance Authority.

The Take Credit! Mortgage Credit Certificate program, which started Jan. 1, 2013, allows first-time home buyers and other qualified participants to reduce their federal tax liability by up to $2,000 each year, through the life of the mortgage. A program of this type has not been available in Iowa since the mid-1990s, said Ashley Jared, IFA communications director.

To be eligible, home buyers must meet income guidelines. One to two person households can make no more than $71,000 in Linn County or $80,300 in Johnson County.

For households of three or more, the income limits are $81,650 and $92,345 in each county, respectively.

Among other restrictions, the purchase price of the home cannot exceed $250,000.

About 100 lenders in Iowa are participating in the program. To learn more about the program and to see a list of participating lenders, visit iowafinanceauthority.gov.

Featured Videos