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tax credit: $ 8,000 Tax credit extended to ALL homebuyers? Not Just For FTHB - 06/12/09 08:44 AM
U.S. Rep. Howard Coble introduced legislation this week to help the housing market maintain the momentum that has emerged from buyers in recent months. The Greensboro Republican has offered a bill that would extend the credit through 2010, open it to all home buyers and eliminate income-qualifying limits. The current tax credit is encouraging more buyers into the housing market. As it works now, the tax credit only applies to first-time homeowners who buy homes before Dec. 1. In addition, single buyers need a modified adjusted gross income of $75,000 or less; married couples need $150,000 to get the tax credit.
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