Under the expanded program, homeowners are eligible for a tax credit of up to $6,500 if they purchase a new home. To qualify, current owners will need to have lived in their prior residence for five consecutive years out of the past eight years.
The credit would apply to home purchases under contract by April 30, 2010, as long as they close by June 30.
First-time buyers (and those who haven't owned a home in the last three years) continue to be eligible for up to $8,000.
Click on Home Photo above for link
or Visit the IRS website at
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