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Even Prisoners Get Homebuyer Tax Break

Associated Press, by Staff Posted By: JoniTx- Thu, 24 Jun 2010 00:57:29 GMT Living in prison didn't stop nearly 1,300 inmates from cashing in on a popular tax break for first'time homebuyers, a government investigator reported Wednesday. Their take: more than $9 million. In all, more than 14,100 tax filers wrongly received at least $26.7 million in tax credits meant to boost the nation's slumping housing markets, said the report by J. Russell George, the Treasury Department's inspector general for tax administration. A common scam had multiple taxpayers using the sale of a single home, with each claiming the credit. One home was used by 67 tax filers,

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