First time home buyers, you are eligible for an $8,000.- tax credit If you buy before April 30, 2010 and close on your new home by June 30, 2010. Repeat home buyers, you are eligible for a $6,500. tax credit. if you buy before April 20, 2010 and close on your new home by June 30, 2010 (and have owned your present home for 5 years).
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