New tax credit option awaits first-time homebuyers
The Internal Revenue Service reports that taxpayers who qualify for the first-time homebuyer credit and purchase a home this year before December 1 have a special option available for claiming the tax credit either on their 2008 tax returns due April 15 or on their 2009 tax returns next year.
Qualifying taxpayers who buy a home this year before December 1 can get up to $8,000 (or $4,000 for married filing separately).
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