First time home buyer tax credit

[Mark Williams]

Does the tax credit equate to just and adjustment to your taxable income, or is it an actual check in-hand ? My step Daughter is trying to buy a house. I was thinking about surprising her and loaning her the down payment.

 

[Relayer]

You get a check from the Fed after filing taxes... or if you owe any additional tax, they apply your credit to what is owed and forward you the balance, if any.