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Real Estate Stimulus
The 2010 Home Buyer Tax credits can give you up to an $8,000 tax credit. This is for first-time homebuyers, or those who have not owned a home in the last three years! This Real Estate Stimulus was extended recently until April 30th, 2010. All contracts must be in by April 30th, 2010. The income caps have also been raised. The income cap for an individual is now $125,000 and the income cap for a family is $225,000! Like I mentioned previously...you can not have owned a home in the last three years and all closings must be completed by June 30th, 2010.