 $8,000 credit for first time home buyers
First time means you haven't owned a home for 3 years in your name..
The $8,000 is the maximum you can get unless you buy a home for less than $80,000. You would get 10% or the cost of the home.
GOOD NEWS!!! If you purchase a home before Dec 31, 2009 you can file an amended 2008 return and claim the Credit. You do not have to wait until you have all of your tax documents to file for 2009 in 2010.
Linda
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