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7500 tax credit: Details of the $7,500 Tax Credit for New Home Buyers **UPDATED** - 02/10/09 04:15 PM
As part of the Housing and Economic Recovery Act of 2008, home buyers who purchase a primary residence between April 9, 2008 and July 1, 2009 may be eligible for a tax credit of up to $7,500.  There's been a lot of talk (and certainly an equal amount of misinformation) about the details of this program, so i'm going to try to answer as many of the questions as possible.
WHAT EXACTLY IS THE $7,500 TAX CREDIT?
It's basically a TAX FREE LOAN from the government equal to 10% of the purchase price of a qualifying home by a qualified individual … (3 comments)

 
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John Jones

Dallas, TX

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Texas Urban Living Real Estate

Address: 5706 E. Mockingbird Lane Suite 210, Dallas, TX, 75206

Cell Phone: (972) 978-3553

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