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| $7500 Tax Credit for First Time Home Buyers | |
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In recent news the $7500 tax credit for first time home buyers may be amended. Originally the tax credit was paid back in $500 increments for 15 years. In sum, it was an interest free loan. A new bill is being proposed which would not require the credit to be paid back. Be sure to check with your accountant if you are or will be a first time home buyer. |
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