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News and Notes
FCIC draws on a variety of sources to bring you useful consumer news, tips and advice.

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Expanded Tax Break Available for 2009 First-Time Homebuyers

The Internal Revenue Service announced today that taxpayers who qualify for the first-time homebuyer credit and purchase a home this year before Dec. 1 have a special option available for claiming the tax credit either on their 2008 tax returns due April 15 or on their 2009 tax returns next year. Qualifying taxpayers who buy a home this year before Dec. 1 can get up to $8,000, or $4,000 for married filing separately. Read more...

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