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Understanding the stimulus bill that President Oboma signed bFebruary 2009
Whats New
This bill will affect First-time homebuyers who purchase homes until November 2009 could be eligible for either $8,000 or 10%, the lower of the two. This is equivalent to money in your hand.
The tax credit are limited to a couples incomes of less than $150,000 or single with under $75,000.
Should the Buyers sell their homes within three years the credit must be re-paid.
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