IRS Uploads Latest Form 5405 for $8000 Tax Credit

16 01 2010

The Internal Revenue Service (IRS) finished updating the online tax credit claim forms, and they now reflect the extended deadline.

Form 5405 must be used for both the first-time homebuyer extension and the move-up homebuyer expansion of the homebuyer tax credit.

The revised IRS instructions and revised IRS form can be found below:

Updated 01-10-10: Instructions for using IRS Form 5405 (PDF)

Updated 01-10-10: First-time Homebuyer Tax Credit IRS Form 5405 (PDF)

Recap: On Nov. 6, 2009, President Barack Obama signed into law an extension and expansion of the $8,000 first-time homebuyer tax credit. Among other provisions, the extension adds money for certain move-up buyers; creates one deadline for signing a contract and a later deadline for closing; changes income requirements; and limits a purchased home’s cost to $800,000.

Updated: What you should know about the $8K tax credit (PDF)

Updated: Florida Homebuyer Opportunity Program flyer (PDF)

Updated: What you should know about the FHA downpayment plan (PDF)

8,000 reasons to buy your first home now (PDF)



One response

26 01 2010

Helpful information. Don’t let having to mail the forms in scare you. It make take a little longer than filing electronically, but help with getting that home is worth the effort.

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