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Photo: Excited young couple who have just moved into their first house.

$8,000 Home Buyer 
Tax Credit

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for More Facts

* The tax credit is for first-time home buyers only. The IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
* The tax credit does not have to be repaid
* 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.
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