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The 2009 First-Time Homebuyer Tax Credit

Overview. In 2008 Congress created a $7,500 First-Time Homebuyer Tax Credit. It went into effect April 8, 2008 and was set to expire July 1, 2009.The big problem: It had to be repaid over 15 years. People viewed it as a debt and not a benefit. . NAR Proposes Changes. In 2008 NAR began advocating

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The 2009 First-Time Homebuyer Tax Credit

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