First time home buyers!

Even if you bought in 2008, you may still qualify for the first time homebuyers' tax credit!

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. No other applications or forms are required, and no pre-approval is necessary. However, you will want to be sure that you qualify for the credit under the income limits and first-time home buyer tests. Note that you cannot claim the tax credit on form 5405 for an intended purchase for some future date; it must be a completed purchase.
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