First-time buyers who have not had interest in a principal residence for three years are still eligible, and the maximum amount remains the same  $8,000 for married couples, $4,000 for those filing separately.

American Recovery and Reinvestment Act of 2009

 This temporary credit is available January 1, 2009 through December 1, 2009 * 10% of the cost of the home up to $8,000. * Buyers claim the credit on their federal tax turn. If credit is more than their total tax liability for the year they will get a refund check for the balance. * Only for first-time home buyers. A first time home buyer has not owned a home in the last 3 years. * Buyers adjusted gross income no more than $75,000 (or $150,000 if filing jointly). * Tax credit does not have to be repaid if the buyer stays in the home at lease 3 years.

Check out this website www.federalhousingtaxcredit.com.  It is a tax credit for first time home buyers.  A first time home buyer is a buyer who has not owned a home in the last three years.  This website is divided into four parts: an overview of the tax credit and eligibility requirements; frequently asked questions; the law's other provisions and homebuyer resources.  This is a good opportunity for the first time home buyer if you have a good credit record.