If you have purchased a home in the last year or so you are aware of the $7500 first time
home buyer tax credit. This tax credit had to be paid back in 15 years.
What you may not know is that now they have raised it to $8,000 and it does not have be paid back!!!!
It only applies to people who purchased their home in 2009. so I missed out on $8,000 by 2 months!
Check out the excerpt I got from SunTrust especially the section in the red box.