Video from the IRS provides information about the new First-Time Homebuyer Tax Credit and how it can benefit you. The law went into effect Nov. 6 and it extends the first-time homebuyer credit to April 30, 2010 (must be in contract by that date and contract closed by June 30, 2010). Eligibility requirements for purchasers are expanded.
There’s more information about the requirements and how some current long-term homeowners also can use a Tax Credit of $6,500 for the purchase of another home in an article from the IRS website.
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