Tax Refund; New Home buyers get $8,000 cash back

With the new economic stimulus bill signed by President Obama, first time home buyers can receive 10% of their home purchase price (cash back) up to $8,000.  This is an additional $500 dollars from 2008.  If you purchased your home in 2009 you can still apply this to your 2008 taxes.  The idea behind this plan is to give people an innitiative to buy a home in this slow market and give them additional money to throw back into the economy by purchasing household items.  To qualify you must purchase your home between January 1, 2009 and November 30, 2009.