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As of today, there are 70 days left to get in on the Federal Government's tax Rebate. The clock is ticking and in all likelihood there will not be another extension.

To get the credit, the home MUST be under contract by April 30, 2010, and it must close no later than June 30, 2010.

Unlike previous programs, this version also allows move-up buyers to get in on the opportunity, with a credit of up to $6,500. Accordingly the income limits have been raised to allow participation.

Plus, after the house is purchased, the new owners can immediately apply for the tax rebate, without waiting to fill out their taxes next year. By taking your 2009 tax return to your filer, along with a copy of the settlement agreement, or HUD-1 form, the preparer will fill out IRS form 5405, and the refund can be in your mailbox within 60 days.

Time is running out on this great opportunity. With interest rates at all time lows, it couldn't be better. If you're a State of Ct resident buying a first home, the state's CHFA program, allows for an assist with the loan and a break in the interest rate which is currently at 4.375% for qualified buyers.

Get moving, find a habitable home and take advantage of the last Government Rebate for home buyers.