On September 17, 2009, the IRS announced that over 1.4 million American taxpayers have claimed the first time home buyer tax credit.
Many more are expected to claim the credit, although time is running out. Individuals have until November 30, 2009 to close on a qualifying home.
IRS Tax Form 5405
Individuals who wish to claim a first time home buyer tax credit must do so using IRS Form 5405. The tax form is available in PDF format on the IRS website, irs.gov. For exact download instructions, see the article IRS Form 5405, First-Time Home Buyer Credit. This article also describes who doesn’t qualify to take the credit.
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