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tax refunds: Demystifying the $8000 Tax Credit - 07/11/09 11:33 PM
Demystifying the $8000 Tax Credit
President Obama’s $8000 tax credit for first-time home buyers is an unprecedented and much-appreciated gift. Never before has the U.S. government helped make it so easy to buy your first home! When you hear tax credit, you may think tax refund, or you may not have any idea what a tax credit is or how it could possibly benefit you. Tax credits are different than tax refunds, although the two can go hand-in-hand. A tax credit is a dollar-for-dollar reduction in what the taxpayer owes. That means that a taxpayer who owes $8,000 in income taxes … (0 comments)

 

Marilyn Denney Johnston

Franklin, TN

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