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Get ready to upgrade Did you know that repeat home buyers are eligible for a tax credit of up to $6,500? Find out if you qualify at www.IRS.gov.
Are you a first-time home buyer? Under the Federal Home Buyer Tax Credits guidelines a first-time home buyer is defined as someone who has not owned a principal residence during the three-year period prior to the purchase of a new home. Find out more tax credit guidelines at www.IRS.gov.
Mark your calendar. To qualify for the Federal Home Buyer Tax Credits, you must be under contract to purchase by April 30, 2010, and purchase by June 30, 2010. See www.IRS.gov for more details.
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