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The New Home Owner Tax Credit Has Been Expanded!

The first-time home buyers tax credit ($8000 for most of the people in the area), which was scheduled to expire November 30th, has been extended to include sales for contracts which are written by April 30, 2010 and closed prior to July 1, 2010. The credit has also been expanded to make more even more people eligible. Most urgently, move-up buyers are now eligible for up to a $6500 tax credit, provided that they have owned their home for at least five years.