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Extended Federal Tax Credit Congress passed legislation extending the first time home buyer tax credit of up to $8,000 through April 30, 2010. To qualify as a "first time home buyer," the purchaser may not have owned a residence during the the three years prior to purchase. This legislation expands the tax credit up to $6,500 to current home owners who purchase a home between November 7th, 2009 and April 30th, 2010. The home owners must have used the home being sold or vacated for at least five consecutive years of the last eight.
Click on the links below for additional information:
~Frequently Asked Questions (National Association of REALTORS) ~Important Facts (Internal Revenue Service) ~Tax Credit Form
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*A portion of every home sale goes to Children's Home Miracle Network.
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