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First time homebuyer tax creditThe first time home buyer tax credit instituted by the Housing and Economic Recovery Act of 2008 allows for a tax credit of up to $7,500 dollars which can exceed the tax liability ie. a refund above the amount owed. First time home buyer is someone buying their first principal residence or has not owned a home for the previous three years.
The dates of eligibility run from April 9,2008 through June ...
Posted by
Pat Maher
@ 8:42 AM
on 10/24/2008
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