$15,000 Tax Credit for Home Buyers!
On Feb. 4, U.S. Senate legislators unanimously approved a proposal that would give a $15,000 tax break to anyone who purchases a home by the end of the year. The proposal would give buyers of new or existing homes in the 12 months after the stimulus bill is enacted, a tax-return credit of either $15,000 or 10 percent of the property's purchase price--whichever is less. It would apply only to the buyer's principal residence and requires the buyer to stay in the house for at least two years.
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