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Submitted By: Larrie
Answered: August 20, 2013 8:30 am
Answered: August 20, 2013 8:30 am
Is there a first-time homebuyer credit for someone who buys a house in 2013?
No. The first-time homebuyer credit ended in 2010 and it has not been extended. There’s probably no chance that Congress will change its mind anytime soon because the housing market has picked up.
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Tax Glossary
Keogh plan
Retirement plan set up by a self-employed person, providing tax-deductible contributions, tax-free income accumulations until withdrawal, and favorable averaging for qualifying lump-sum distributions.
