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Tax Credit Details.
Details are starting to trickle out about the tax credit about to be signed into law this week by president Obama.
The credit will be 10 percent of the value of a home, up to $8,000 and would cost the government an estimated $6.6 billion.
It would start phasing out for couples with incomes above $150,000 and single filers with incomes above $75,000.
Buyers would have to repay the credit if they sold their homes within three years. 
 
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