Home Buyer TaxCredit

Just to clarify the homebuyer tax credit for 2009. If you have not owned a home in the last three years you qualify as a first time buyer. The credit counts as tax paid so if you purchase a home in 2009, when you file your taxes at the end of the year you can receive a refund of that $8000. If you already have a refund coming the $8000 would be added to the refund. For example, you file your taxes and you have paid in $2000 from your paychecks and you owe $1000 in taxes, your refund would be $9000 (your $1000 + the $8000 tax credit)
So if you are thinking of buying a home this would be a good time. Rates are low and the tax credit is for this year only.

Happy house hunting.