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$8,000 Tax Credit!
- - The tax credit is for first-time home buyers only
(have not owned a home in the past three years)
- - The tax credit does not have to be repaid
(unlike the 2007 tax credit)
- - 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.
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