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tax vote: 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 vote: NAR UPDATE ON TAX CREDIT - 11/05/09 03:57 PM
Tax credit extension passes House and Senate WASHINGTON - Nov. 5, 2009 - The $8,000, first-time homebuyer tax credit has not yet been extended beyond its Nov. 30 end date, but it's very close to gaining a longer life.The extension was added as an amendment to an existing bill, HR 3548, that extends unemployment benefits. The U.S. Senate passed that bill on Wednesday and, after debate, the U.S. House passed HR 3548 this afternoon. It now needs only President Obama's signature to become law, and the White House has indicated it will sign it, perhaps as early as tomorrow. Until the … (0 comments)

 
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Lu Cohen

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