La Quinta first-time home buyers - those who have not owned a principal residence for three or more years - The 2009 credit is for 10 percent of the home's purchase price, capped at $8,000. This credit is for first-time home buyers who purchase a house between Jan. 1 and Nov. 30 of this year. The $8,000 tax credit does not have to be repaid and can be claimed on your 2009 federal tax return. Please contact me for more information or if you are interested in buying a home!
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