$8,000 First-Time Home Buyer Tax Credit: Need Some Questions Answered?

I hear a lot of misinformation about the $8,000 First-Time Home Buyer Tax Credit.  A lot.  There are a couple things I'd like to clear up.  First,  a first time home buyer is not necessarily a first time home buyer.  If you have not owned a home in the last three years then you may qualify as a first time home buyer.  Weird, I know.  But remember your federal government is involved. Second, there are many limitations.  Simply the best website I can find on the First-Time Home Buyer Tax Credit answers most/all of your questions on the FAQ's page.   I'm not going to sit here and bang out a regurgitated webpage when they do it so nicely.  Click the link. Third, a Tax Credit is real money folks.  Listen, I'm not your tax advisor nor am I a trained CPA.  But if you owe $4,957 in federal taxes in 2009 and you buy a house and you qualify, not only will you get back all of your $4,957 in taxes but you'll get an additional $3,043.  If that's not redistributing wealth I simply do not know what is.  But heck, if you qualify for it you simply must take it.  I would. Visit the link above.  Then give me a call at 913.568.1579 to help you find a house.  Then close by December 1, 2009.  Then do your taxes next year.  It's as simple as that.