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tax credit vote for homebuyers: not to late with tax update - 11/12/09 06:07 PM
Who is Eligible-First-time homebuyers, who are defined by the law as buyers who have not owned a principal residence during the three-year period prior to the purchase, may be eligible for up to an $8,000 tax credit.-Existing homeowners who have been residing in their principal residence for five consecutive years out of the last eight and are purchasing a home to be their principal residence ("repeat buyer"), may be eligible for up to a $6,500 tax credit.-All U.S. citizens who file taxes are eligible to participate in the program. Income LimitsHomebuyers who file as single or head-of-household taxpayers can claim the full … (0 comments)

tax credit vote for homebuyers: NAR UPDATE ON TAX CREDIT - 10/29/09 04:59 PM
The National Association of REALTORS® (NAR) sent the following update this morning regarding the extension and expansion of the $8,000 First-Time Homebuyer Tax Credit being debated in Congress right now:
 
"We've heard from a lot of you this morning that saw news reports about the tax credit. The bottom line is that nothing has been voted on at this time.
 
Senate leaders of both parties, key Senate Finance Committee members and staff and Tax Credit Sponsors Sen. Chris Dodd (D-CT), Sen. Joe Lieberman (I-CT) and Sen. Johnny Isakson (R-GA) have agreed on extending and expanding the housing tax credit.
… (2 comments)

 
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Lu Cohen

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