homebuyers tax credit: Extended Tax Credit - What It Means This Time
- 12/16/09 05:22 AM
The original tax credit was targeted for first-time home buyers and expired at the end of November. However, the government revised the plan and expanded it to include all buyers of primary homes. Along with the current buyer's market that we are experiencing, this is an added bonus to most homebuyers. Here's how it works: Who Can Take Advantage of This? All first-time buyers (designated as not having owned a home in the past three years) and current homeowners who have have lived in their home for five consecutive years during the past eight years before they purchase the new
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