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First-Time Home Buyer Tax Credit **UPDATE**
$8,000 Home Buyer Tax Credit at a Glance • The tax credit is for first-time home buyers only. • The tax credit does not have to be repaid. • The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8,000. • The credit is available for homes purchased on or after January 1, 2009 and before December 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. ... more
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