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WASHINGTON – Just ahead of Tax Day, President Barack Obama is urging Americans to take advantage of tax credits for first-time homebuyers, college students and others.
Credits taxpayers may be eligible for include:
_Up to $8,000 for first-time homebuyers. The credit will be available through the end of April.
_Up to $2,500 for college expenses.
_Up to $1,500 for making energy-efficiency improvements to homes.
_For new vehicles purchased between Feb. 17-Dec. 31, 2009, the state and local taxes can be deducted.
_An expanded child tax credit providing $1,000 for each child under 17.
_The earned income tax credit now provides up to $5,657 to low-income families with at least three children.
Obama wants to extend Bush's tax cuts, except for individuals making more than $200,000 a year and couples making $250,000.