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NYS rolls out tax credit for first-time home buyers
New York State yesterday rolled out a mortgage tax credit for first-time home buyers, a federal income tax deduction that can be taken each year they pay interest on the loan.
The program, called the Mortgage Credit Certificate, would allow home buyers to take a dollar-for-dollar deduction of 20 percent of mortgage interest paid, Gov. David A. Paterson and other state officials announced....
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