First-Time Home Buyers' Tax Credit

Great news for first time homebuyers!! If qualified, they can cash up to $8,000 for purchasing a home on or after January 1, 2009 and before December 1, 2009. The best thing is you do not have to pay the tax credit back.

Go on IRS.gov and look for the revised version of Form 5405, First-Time Homebuyer Credit. This form includes the provisions from the America Recovery and Reinvestment Act of 2009.