Time is running out for First Time Homebuyers to take advantage of $8,000 tax credit

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Jul 22nd, 09

In order to take advantage of the $8,000 first time home buyers tax credit, the house must be closed on before November 30, 2009. You are considered a first time home buyer if you have not owned a home in the last three years. —

This is a refundable tax credit – If you are getting a $1,000 refund, you will now recieve $9,000 after the credit. You may also amend your 2008 tax return at closing and receive your $8,000 within weeks.

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