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First-Time Home Buyers Get Tax Credit Option |
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Fun stuff!
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By SuperUser Account on
8/19/2008 11:01 AM
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The government has passed a bill allowing first time buyers to earn a tax credit on home purchased between April 9, 2008 and July 1, 2009. Simply said, this is an interest-free loan given as a tax credit to qualified first-time home buyers. These funds must be paid back starting in 2010 in increments of $500 per year for 15 years or when you sell/payoff the home.
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