Texas first-time homebuyer tax credit is ending soon for individuals and couples who purchase a new home before May 1, 2010. It is for $8000 or ten percent of the purchase price of a principal residence. Any home purchased as your principal residence and located in Texas qualifies. The credit is claimed on IRS Form 5405 and filed with your 2010 federal income tax return. If you have not owned a home in the past 3yrs prior to purchase date you are eligible for a credit. Call 581-542-7392 or apply online
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