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First-Time Home Buyer Tax Credit
Summary
The Tax Credit is available for first-time buyers only.
(those who haven't owned in at least three years).
The maximum credit amount is $8000.
The 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.
The property must be held for at least 3 years.
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