To be eligible for the $8,000 tax credit, a first-time homebuyer must purchase a principal residence from January 1, 2009 to November 30, 2009. The deadline is November 30, 2009, and not December 31, 2009 According to an IRS announcement on February 25, 2009, first-time homebuyers who qualify for the $8,000 tax credit by purchasingContinue reading “What is the tax credit for first time home buyers in the stimulus package?”