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An Extra Incentive For First Time Home Purchasers
It also eliminates the requirement that the credit be repaid over
15 years as long as the home isn't sold within three years of
owning it.
The 2009 Stimulus Tax Package increases the current
$7500 credit for taxpayers buying their first home to
$8,000.00 for a primary residence purchased between
January 1, 2009, and December 1, 2009.
IRS Form 5405 for receiving the tax credit on your filed tax return.
Link to get the 5405 form.
Link to IRS $8000 Tax Credit Explanation.
Chicago Illinois Home Mortgage Lender