The 2009 American Recovery and Reinvestment Act gives qualifying tax payers who purchase a home before December 1, 2009 up to $8000.

You must be a first time home buyer of a principal residence in the last three years. There are income limitations depending on your gross income.

It is a refundable tax credit, meaning you can get money back when filing your 2008 or 2009 tax return, by using IRS form 5405.

To learn more, please click here.