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About the Home Buyer Tax Credit
General Rules: A “first time home buyer” is defined as someone who has not owned a home in the last three years. If you are a “first-time home buyer”, your tax credit will amount to 10% of the purchase price of your new home not to exceed $8,000. A “long-time resident” is defined as someone who has lived in the same primary home for 5 out of the past 8 years. If... [Read more]
