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If you are wanting to buy your first home or if you currently own a home and you are uncertain of whether or not it's the right time to buy, then consider this... Previously, there was an $8,000 Tax Credit offered to first time homebuyers, which ends on November 30, 2009. Well good news!... ALL home buyers will now benefit for a Limited Time! Until April 30, 2010, tax credits are being offered to both first time homebuyers as well as "step up" buyers (those that currently own or have owned within the last 3 years). In a nutshell, first time homebuyers will have a credit up to $8,000 and all others will have up to a $6,500 tax credit. Couple those tax credits with lower-than-normal interest rates, and that can equal BIG savings to you on your purchase!! |
Homebuyer Tax Credit Matrix
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Download the Homebuyer Tax Credit matrix and/or the Frequently Asked Questions (FAQ), which identifies the stipulations and qualifications for eligibility.
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Download First Time Homebuyer IRS Form
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If you have purchased your First Home this year and you need the IRS form to claim your tax credit, I've included it below for your convenience!
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