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The Mungo Companies » Myths About Home Buying » Don’t wait to use your $8,000 tax credit!

Don’t wait to use your $8,000 tax credit!

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The $8,000 tax credit won’t last forever. You must close on your new home by June 30, 2010 to receive your tax credit. So if you’re going to build a new home, you must act now or you’ll miss out on the $8,000 free tax credit.

What is the tax credit? A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before June 30, 2010. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid. For more information see an on-site community sales manager.

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