Tips on Taking the New First-Time Homebuyer Tax Credit

Article Date : 26 January 2009

Under the Housing and Economic Recovery Act enacted in July 2008, a first-time homebuyer of a principal residence may claim a tax credit of 10 percent of the purchase price, up to $7,500. The IRS recently issued guidance on how purchasers who don’t file joint tax returns can allocate the credit...

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Tips on Taking the New First-Time Homebuyer Tax Credit

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