New 1st Time Buyer Credit Info

Under the new stimulus bill, first-time home buyers are eligible for a refundable tax credit equal to 10 percent of the purchase price of their home, up to $8,000, if they made the purchase after Jan. 1, 2009, but before Dec. 1, 2009.

After you find a job, scratch up the down payment from somewhere and feel confidant in the economy, tax the credit and pay less taxes next year!

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