ESTATE


Form 5405 is official || American Recovery and Reinvestment Act of 2009
2009/03/04, 8:06 pm
Filed under: 1 | Tags: ,

As part of the American Recovery and Reinvestment Act of 2009, the IRS has officially released Form 5405 — better known as the First-Time Homebuyer Credit Form. In general, the First-Time Homebuyer Credit is equal to the lesser of:

$8,000 for homes bought in 2009
10 percent of the home’s purchase price

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