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The new law extends until April 30, 2010. This is the new deadline for closing escrow for first-time homebuyers to receive a credit worth up to $8,000. The credit was going to expire Nov. 30. It also adds a credit worth up to $6,500 for taxpayers who buy a replacement primary home provided they have lived in their existing home for at least 5 of the past 8 years.
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