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First-Time Home Buyer Tax Credit
at a Glance
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The Tax Credit is available for first-time buyers only.
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(those who haven't owned in at least three years).
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The maximum credit amount is $8000.
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The credit is available for homes purchased on or after November 7, 2009 and before April 30, 2010.
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Single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.
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The property must be held for at least 3 years.
Note -
A $6,500 Tax Credit is also available for Current Homeowners.
Click here for more information.
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