Tax Year 2016: Do i qualify for a first time home buyer credit or do i receive credit for repairs i did on the home during 2016?

Unfortunately, there is no federal first-time home buyer credit for 2016.  Also, you cannot deduct repairs on your primary residence.  If you made "permanent improvements" hang on to those receipts because you will want to add them to the basis of the home when you sell (to reduce potential capital gain).

However, you can deduct any interest, property taxes, and most mortgage insurance premiums that are reported on the Form 1098 Mortgage Interest statement.  

You can also deduct any pro-rated interest or property taxes from the settlement statement that are not already reported on the Form 1098 and not "pre-paid" and held in escrow.  

Additionally, you can deduct qualified points paid on a mortgage and qualified mortgage insurance premiums. (Points can also be called loan origination fees, maximum loan charges, discount points, or loan discount.)

Where do I enter my 1098 mortgage interest statement?

https://ttlc.intuit.com/replies/4793767

Here's an alternate method to get there:

• Federal Taxes tab (Personal in the Home and Business Version
• Deductions and Credits
• Your Home