If you are a first-time homebuyer or a repeat buyer who has owned the same home for five years and you are buying a new primary residence, you may qualify for a tax credit.
The tax credit ranges from $6,500 to $8,000 and depends on your income level and the value of the property purcahse.
As part of a new $24 billion stimulus package, President Obama has extended this tax credit to the end of April 2010. It was previously set to expired the end of November 2009.
Read more about the first-time homebuyer’s tax credit.
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