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Written by Jason Elrod
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Recently the Senate and House passed a bill extending the $8,000 tax credit for new home buyers, but there was a great addition this time that bears taking a look at. It is the $6,500 tax credit for 'move-up' buyers. With qualifying home prices up to $800,000 and family income up to $225,000 (adjusted, filing joint), now may be the time to make a move up to a great Granite Bay luxury home while interest rates and prices are still at uncanny lows...
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