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Tax Credit informationLatest on the $8,000 tax credit
The Extended and Expanded Tax Credit agreement includes the following provisions: Amount: $8,000 Who: First-time homebuyers -- same definition as current law Amount: $6500 Who: Repeat purchasers. Have used previous home as principal residence 5 of the 8 previous years. Income Limits: $125,000 for single filers/$225,000 for joint filers. Same for first-time & repeat/move-up buyers Limitation on cost purchased home: $800,000 Time Frame: December 1, 2009 to April 30, 2010 plus 60 Day extension if binding contract is in place by April 30, 2010 Anti-fraud measures have been added. Always contact your tax accountant for up to date information Sellers Resources |
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