The newly extended and expanded tax credit for first -time home buyers and current or existing home owners gives an $8,000 tax credit for first time home buyers and $6500 tax credit to existing or current home owners went into effect on November 6th 2009 and expires on April 30 2010. You must close escrow by June 30th 2010. Neither of these two tax credits need to be repaid. For more information you can emai me at johnirion@remax.net
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