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3/5/2018 Group Watch: Bill to Help Homebuyers Moves Forward

A bill that would provide tax deductions — up to $6,000 for an individual and $12,000 per couple annually for five years — was reported favorably by the┬áSenate Committee on Finance and Taxation Education┬álast week. The deduction only applies to money saved in an account to purchase either a first home or a “second-chance” home (meaning a home has not been purchased or owned in the previous five years).

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