First-Time Home Buyer Tax Credit: 6 Things you should know.

Posted on February 18, 2009 by Paul J. Sumberg, Sr.

While the proposed $15,000 home-buyer tax credit died in negotiations between the House and the Senate, the $787 billion stimulus bill that President Barack Obama signed into law Tuesday includes a similar–albeit smaller–measure designed to help revive the real estate market. Here are six things you need to know about the freshly-enacted $8,000 first-time home buyer tax credit.

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