Did you know you can claim a $7500 tax credit for buying a home? If you bought a home recently or will purchase soon and you earn less than $75,000 you may be eligible. What a great time to buy a home! Now the government is rewarding you for purchasing in addition to the tax advantages you receive from owning for example, property taxes and mortgage interest deductions.
Even if you or your spouse earn $150,000 you may still be eligible for the full credit! The home must be purchased on or after April 9, 2008, but before July 1, 2009 to qualify.
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