Home Buyer Tax Credit Back With Changes

The $8,000 first-time buyer tax is available again, but this time it’ coming with a cost. Buyers are unable to e-file their taxes if they are looking for cash, and the delays are long, but the money will still come. Anyone who purchased a home after November 6 was unable to claim the refund because the Internal Revenue Service had yet to release a new form and instructions. Recently the form was added, and buyers can now file for the credit once again. "The IRS told me they estimate it will take four months for me to get my refund!" said one frustrated homebuyer in Florida. To continue reading about the continued tax credit program, click here.