Tagged : home buyer tax credit 
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Home Buyers Have 77 Days Left For Tax Credit
Friday, February 12th, 2010 at 5:15pm. 260 Views, 0 Comments.
Home buyers have 77 days left to claim the federal tax credit of up to $8,000. The new provisions extend the deadline to April 30th and also provide a new credit of up to $6,500 for buyers who do not qualify as "first-time" home buyers. You can get more details on our website, but here are a few facts:
- To qualify, the home must be contracted for by April 30, 2010 and the deal must close by June 30, 2010.
- First-time buyers, or buyers who have not owned a home for at least 3 years prior to closing, are eligible for a federal tax credit of 10% of the purchase price, up to $8,000.
- "Other" buyers are also eligible for a tax credit up to $6,500, provided they have owned their current home for 5 out of the previous 8 years. There is no requirement that…
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