HURRY!!!
                 There are only 90 days left to receive 
                      $8000 from the government!!!


                             A tax credit of up to $8,000 is 
                 now available for qualified first-time 
                 home buyers purchasing a principal 
                 residence on or after January 1, 2009 
                     and before December 1, 2009. 
               Unlike the tax credit enacted in 2008, 
            the new credit does not have to be repaid. 

                       Frequently Asked Questions 
                   About the Home Buyer Tax Credit

                Who is eligible to claim the tax credit?
                First-time home buyers purchasing any 
               kind of home (new or resale) are eligible 
                 for the tax credit. To qualify for the tax 
                credit, a home purchase must occur on 
                    or after January 1, 2009 and before 
                December 1, 2009. For the purposes of 
                the tax credit, the purchase date is the 
                 date when closing occurs and the title 
             to the property transfers to the home owner.

        Are there any income limits for claiming the tax credit?
            The tax credit amount is reduced for buyers with
           a modified adjusted gross income (MAGI) of more
          than $75,000 for single taxpayers and $150,000 for
         married taxpayers filing a joint return. The tax credit
          amount is reduced to zero for taxpayers with MAGI
         of more than $95,000 (single) or $170,000 (married)
        and is reduced proportionally for taxpayers with MAGIs
                                  between these amounts.

   If my modified adjusted gross income (MAGI) is above the
                      limit, do I qualify for any tax credit?
            Possibly. It depends on your income. Partial credits
          of less than $8,000 are available for some taxpayers
                 whose MAGI exceeds the phaseout limits.

     How is this home buyer tax credit different from the tax
            credit that Congress enacted in July of 2008?
       The most significant difference is that this tax credit
         does not have to be repaid. Because it had to be 
    repaid, the previous "credit" was essentially an interest-
          free loan. This tax incentive is a true tax credit. 
         However, home buyers must use the residence
       as a principal residence for at least three years or
        face recapture of the tax credit amount. Certain
                                  exceptions apply.

   How do I claim the tax credit? Do I need to complete a 
                                form or application?
    Participating in the tax credit program is easy. You
  claim the tax credit on your federal income tax return.
   Specifically, home buyers should complete IRS Form
   5405 to determine their tax credit amount, and then 
  claim this amount on Line 69 of their 1040 income tax
  return. You will want to be sure that you qualify for the
     credit under the income limits and first-time home
                                      buyer tests.

     How is the amount of the tax credit determined?
         The tax credit is equal to 10 percent of the
   home’s purchase price up to a maximum of $8,000.

     I purchased a home in early 2009 and have already
    filed to receive the $7,500 tax credit on my 2008 tax
  returns. How can I claim the $8,000 tax credit instead?
     Home buyers in this situation may file an amended
  2008 tax return with a 1040X form. You should consult
  with a tax advisor to ensure you file this return properly.

         Is a tax credit the same as a tax deduction?
   No. A tax credit is a dollar-for-dollar reduction in what
    the taxpayer owes. That means that a taxpayer who
     owes $8,000 in income taxes and who receives an
        $8,000 tax credit would owe nothing to the IRS.
      A tax deduction is subtracted from the amount of
        income that is taxed. Using the same example, 
         assume the taxpayer is in the 15 percent tax
       bracket and owes $8,000 in income taxes. If the
         taxpayer receives an $8,000 deduction, the
         taxpayer’s tax liability would be reduced by
           $1,200 (15 percent of $8,000), or lowered
                       from $8,000 to $6,800.

   I bought a home in 2008. Do I qualify for this credit?
     No, but if you purchased your first home between
  April 9, 2008 and January 1, 2009, you may qualify for
                          a different tax credit.

  If I’m qualified for the tax credit and buy a home in 
 2009, can I apply the tax credit against my 2008 tax
                                         return?
     Yes. The law allows taxpayers to choose ("elect")
    to treat qualified home purchases in 2009 as if the 
  purchase occurred on December 31, 2008. This means
that the 2008 income limit (MAGI) applies and the election
  accelerates when the credit can be claimed (tax filing 
 for 2008 returns instead of for 2009 returns). A benefit
  of this election is that a home buyer in 2009 will know
   their 2008 MAGI with certainty, thereby helping the
  buyer know whether the income limit will reduce their
  credit amount.Taxpayers buying a home who wish to
 claim it on their 2008 tax return, but who have already
    submitted their 2008 return to the IRS, may file an
        amended 2008 return claiming the tax credit.