Some important things to know about the $8,000 credit available this year:
The home must be purchased between 1/1 and 12/31, 2009 and you (or your spouse) cannot have owned a home in the preceeding 3 year period.
The exact amount of your credit is determined by (a) the value of your home: the credit is 10% of the purchase price, up to a max of $8k, and (b) your income: the amount of your credit may
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