Incredible Any Tax Breaks For First Time Home Buyers One Spouse References. For example, if in 2016 you sold the home you lived. You cannot have occupied a home owned by your spouse in the last four years;

Property law dictates that a spouse receives an ownership interest in the. In general, a spouse cannot be a first time home buyer if the person they are married to owns a home. $2,500 x 15% = $375.