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Definitions
Homebuyer Tax Credit, First-Time
Homebuyer Tax Credit First-Time Homebuyer Tax Credit Real Estate 2009 Housing Market Principal Residence Primary Home
The Homebuyer Tax Credit was a limited-time program enacted in 2009 to encourage first-time homebuyers to purchase homes by offering a tax credit of up to $8,000.
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Definitions
Personal Residence
Personal Residence Primary Home Legal Residence Voting Tax Purposes Legal Purposes
Personal residence refers to the dwelling unit that an individual claims as their primary home, which establishes their legal residence for voting, tax, and legal purposes.
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Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.