$ 8,000 homeownership tax credit The following information relates to the American Recovery and Reinvestment Act 2009 – Fist Time Home Buyers tax credit: href = "http://banksact.com/mortgage/8000-first-time-home-buyer-tax-credit/" target = "_blank"> $ 8,000 tax credit only for the first time buyers EDT (IRS defines a first home buyer as someone who has not owned a residence …