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How To Take Advantage of the New Tax Laws

by Mary Hunt

So you think the new administration's stimulus plan and economic initiatives have nothing in them for you? You might be wrong, says Kelli B. Grant, who is the senior consumer reporter for SmartMoney, in a recent article for Good Housekeeping magazine. Here are a few of the ways you might benefit:

—Buy a home. If you're a first-time buyer, check out the tax credit available through November, which is worth 10 percent of the purchase price or up to $8,000. Conditions you should kno ...

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