$8000 Tax Credit for First Time Homebuyers.

The recently enacted stimulus package has a Tax Credit of $8000 for homebuyers who buy homes in 2009. If you bought a home in 2008 there was a $7500 credit but you have to pay it back $500/yr.
The 2009 tax credit doesn't have to be paid back. As long has you keep the home for 3 years.
You are a first time buyer if You (and your spouse if married) did not own a home 3 years prior to your purchase. Income Limits apply. Less than $75,000 adjusted gross income single and less than $150,000 income if married.

To see the complete details, here's the link to IRS publication
http://www.irs.gov/pub/irs-pdf/f5405.pdf