Tax Guide: Understanding homebuyer credit can be trying
If you bought a home in 2009, you could be eligible for a tax credit. Figuring out which one can be confusing.
There’s one credit for first-time homebuyers and another that primarly benefits homebuyers who owned a home before. But don’t mix it up with the first-time homebuyer credit in 2008, which actually was a long-term loan.
There are maximum income levels and maximum sales prices. And vacation homes or rental property don’t qualify.
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