Home Buyer Tax Credit
HOME BUYER TAX CREDIT
The tax credit is for FIRST TIME home buyers only.
The tax credit does NOT have to be REPAID.
The tax credit is equal to 10% of the home's purchase price up to a MAXIMUM of $8,000.
The tax 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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