FIRST-TIME HOMEBUYER TAX CREDIT Frequently Asked Questions In 2008, Congress enacted a $7500 tax credit designed to be an incentive for first-time homebuyers to purchase a home. The credit was designed as a mechanism to decrease the over-supply of homes
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Time is fast running out for first-time buyers hoping to get a tax credit of up to $8,000, and Realtors say they're seeing a marked upswing in interest as the deadline looms. Real estate groups also are urging Congress to extend the credit beyond
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