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U.S. Lifts Pay Limits for Homebuyer Tax Credits

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"The expanded income limits for purchasers after Nov. 6 range to $125,000 in "modified adjusted gross income" for single taxpayers and to $225,000 for those who file jointly," according to the IRS bulletin. Revisions include expanded income limits, a cap on home prices, additional documentation requirements and prohibitions against claims by dependents.
SOURCE:   L.A. Times

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