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Tax Credit Deadline Approaching
Posted on Feb 08th, 2010
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:
•• Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
•• Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.
Here is more information about how the Extended Home Buyer Tax Credit can help prospective home buyers become part of the American dream. If you have specific questions or need additional information, please contact a tax professional or the Internal Revenue Service at 800-829-1040.
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Comments (1)
With the first time homebuyer tax credit in place its our job as realtors to reach out to the public and guide fence sitters toward homeownership and a hefty tax credit. First time homebuyer seminars? Sounds like a plan!
on Feb 17, 2010 at 10:50 am
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