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Gimme-a-Break!

June 9, 2009

A first-time home buyer has until 12/01/09  to purchase a home that qualifies for a tax credit that is worth 10% of the cost of the home up to $8,000.  The tax credit, which is phased out at adjusted gross income levels of $150,000 and up for a married couple, is claimed on IRS Form 5405.  Please consult a qualified tax advisor or legal professional for details (source: National Association of Home

Builders).

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