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The 6,500 dollar tax credit for home owners who are "trading up" is getting closer scrutiny. The government has not forgotten current homeowners in its extension of the federal housing credit. The latest version of the plan allows folks who already own a primary residence the option of utilizing a $6,500 tax credit -- as opposed to the $8,000 credit that is only for first-time buyers -- towards the purchase of another home. This new 6,500 dollar tax credit for home owners is a great incentive to change your primary residence, if you were already considering it.

But are you eligible to receive the $6,500 tax credit for home buyers? Check your status against these criteria amassed by The Washington Post: