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Frequently Asked Questions About the Home Buyer Tax CreditWho is eligible to claim the tax credit?First-time home buyers purchasing any kind of home-new or resale-are eligible for the tax credit. To qualify for the tax credit, a home purchase must occur on or after January 1, 2009 and before December 1, 2009. For the purposes of the tax credit, the purchase date is the date when closing occurs and the title to the property transfers to the home owner.What is the definition of a first-time home buyer?The law defines "first-time home buyer" as a buyer who has not owned a principal … (0 comments)
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