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July 1, 2009

Homebuyer Tax Credit May Yet See Big Changes

The first-time homebuyer tax credit is a complicated story that’s unfolding before the nation’s eyes, and it seems that some lawmakers are trying to write additional chapters. What started as a $7,500 loan to be paid back to the government over 15 years became a true tax credit worth up to $8,000 for first-time homebuyers thanks to a provision in the American...

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