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$7500 Tax Credit

This Question Was Answered By . Last Updated June 18, 2009

Q: i was wondering about the $7500 tax credit you get for a foreclosure and if you have to pay it back?

A: The tax credit is for more than foreclosures. Yes – you have to pay it back. There are many factors that go along with this newest Government idea. Rather than going into all the details, go to the IRS website – www.IRS.gov

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