Just when I thought I had the 2008 First Time Homebuyer credit figured out, here comes a 2009 First Time Homebuyer credit that is better than the 2008 Credit…If you bought in December, 2008, I feel your pain! The 2009 credit is up to $8000 and never needs to be paid back…Contrast that with the 2008 credit of $7500 to be paid back over 15 years…Timing is everything! For more details on the American Recovery and Reinvestment Act of 2009, go to the IRS website . New details are emerging every day.
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