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President signs the Housing and Economic Recovery Act of 2008
First-Time Home Buyer Tax Credit at a Glance
The tax credit is available for first-time home buyers only. The maximum credit amount is $7,500. The credit is available for homes purchased on or after April 9, 2008 and beforeJuly 1, 2009. Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit. The tax credit works like an interest-free loan and must be repaid over a 15-year period. For more information, please call me at 614-805-8679.
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