Whether you are claiming the tax credit for existing homeowners or the tax credit for first time home buyers, it’s time to get your money!

How to Claim your Home Buyer Tax Credit

The IRS released the updated Form 5405 to claim your tax credit. Complete and attach Form 5405 to your 2009 tax return.

Required Documentation

For your 2009 tax return, you’ll need to include the required documentation:

• Attach a copy of your settlement statement.
• A copy of your retail sales contract for mobile homes.
• A copy of your certificate of occupancy for a newly constructed home.

In addition, for existing home owners, attach a 1098, Mortgage Interest Statement, property tax records, or homeowner’s insurance records for 5 consecutive years on your previous home.

Written by Madison

Click here to leave a comment on this article.

© My Dollar Plan

Get free subscriptions to hundreds of popular magazines!