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Personal Finance > Don't Mess With Taxes

Housing credit becomes down payment

Kay Bell | Mon, 06/01/2009 - 10:03am | homebuyer tax credit, homebuying incentives, housing credit, tax credits |  5 comments

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The first-time homebuyer tax credit is changing yet again, this time to allow some buyers to get their hands on the tax money as a down payment. When it was created last year, it was a $7,500 (or 10 percent of the home's purchase price, whichever was less) tax break that basically oper
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