$ 8,000 Tax Credit For 1st Time Buyers
 or anyone who hasn't owned a home in 3years. 
   Calvin Davis got a great deal on his 1st home a few weeks ago,paying $116,000 for a four bedroom, 2 1/2 bath foreclosure in Monroe. 
   But that wasn't all. The 42 year old handyman went straight to his accountant,filing papers for the new 1st time home buyer's tax credit. Within 10 days he got his $8,000 using it towards new carpeting and pay off a debt and boost his savings.   
   This benefit has never been offered before and probably won't be offered again.  About 300,000 people across Charlotte are expected to take advantage of the tax benefit before it expires Dec.1.  
   The tax credit has been a deciding factor for recent buyers. It's like free money. And you don't have to pay it back. 
   In summary: 
* the tax credit is for 1st time buyers who haven't owned a home is 3years.  
* It doesn't have to be paid back.
* It's equal to 10% of the home's purchase price up to a maximum of $8,000. 
* It's available for homes purchased on or after Jan. 1 and before Dec 1. 
*Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

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