This means that a taxpayer who doesn’t pay enough tax to offset the credit can get a refund,” writes Saunders. Don’t wait for the summer to by a home; start now and take advantage of the added benefits the tax credit provides. The Basics of the Existing Long Term Homeowner Tax Credit If you have owned a home over the long term you also qualify for a tax credit. According to REALTOR.org there are some additional requirements for the tax credits some buyers may not [...] Eligible homes must sell for under $800,000.
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