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Tax Benefit: Dollar for dollar, the tax credit will reduce income income tax. In other words, credits are utilized by reduce the total tax bill after all exemptions and deductions are calculated. The opposite benefit would likely tax credit is refundable. This will mean that if the purchaser’s tax liability is $5,000, and these receive complete $8000 credit, they will get a refund check by the IRS for $3000.
If you price your condominium apartment or townhouse at market value, expect lots of activity within first weekend it is on the market, multiple offers (especially in a seller’s market), a quicker sale, as well as the most money in your possession.
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