Asked by Diane Ragsdale, Virginia Beach, VA • Wed Mar 4, 2009
First-time home buyers purchasing any kind of homeâ€”new or resaleâ€”are eligible for the tax credit. To qualify for the tax credit, a home purchase must occur on or after January 1, 2009 and before December 1, 2009. For the purposes of the tax credit, the purchase date is the date when closing occurs and the title to the property transfers to the home owner.
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