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What Tax Breaks Can I Get as a First-Time Homebuyer?

by LiveModern Webmaster last modified Oct 13, 2017 01:06 AM
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by Jon Gorey last modified Oct 12, 2017

In 2008, the U.S. housing market was already cratering as the Great Recession took hold. To try and stop the bleeding, Congress passed a series of first-time homebuyer tax credits, each more generous than the last. First came a $7,500 tax rebate, to be repaid over 15 years with no interest. By early 2009, it had grown to $8,000, and required no payback whatsoever. And for most of 2010, even some repeat home buyers were eligible for a tax credit worth up to $6,500. While those juicy homebuyer tax credits have long since expired as the economy and housing market have heated back up, Uncle Sam is still pretty keen to help you get into your first home. Here are some other tax breaks homebuyers can take advantage of. READ MORE »




 

 


 

 

 
 
 

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