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$8000 Tax Credit Information for First-Time Home Buyers
It is 2009 and we are in the middle of what is the best home buying market in years. Prices have dropped to their lowest levels in 6-12 years, (depending on where you are located). Interest rates are near the lowest levels in history. And thirdly the reason for this article; the first-time home buyer tax credit. Many people will be looking for the guidelines regarding the updated and expanded first-time home buyer tax credit. Below is a copy of the text directly from the IRS website. At the bottom of this post is my contact information if you sould need additional assistance. Regards ~ Steve Kappre IR-2009-14, Feb. 25, 2009 WASHINGTON - The Internal Revenue Service announced today that taxpayers who qualify for the first-time homebuyer credit and purchase a home this year before Dec. 1 have a special option available for claiming the tax credit either on their 2008 tax returns due April 15 or on their 2009 tax returns next year. Qualifying taxpayers who buy a home this year before Dec. 1 can get up to $8,000, or $4,000 for married filing separately. "For first-time homebuyers this year, this special feature can put money in their pockets right now rather than waiting another year to ... more
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