Individuals and families who qualify for the First-Time Homebuyer Credit but did not buy their house in time to include it in their 2008 taxes do not need to wait until they file this year’s taxes next spring.

Those who qualify for the up to $8,000 credit can amend their 2008 taxes to include this credit, allowing them to receive their money much faster.  This type of tax amendment uses IRS Form 1040X like other amendments.

The IRS asks that you allow 8-12 weeks for your tax amendment to process, but if a family amends their return in the next couple of months, they will receive this credit before the next tax season.

When finding out more information about how to receive your tax credit, be careful to receive your information from reputable sources.

More information about the First-Time Homebuyer Credit and those who qualify for it can be found on IRS Form 5405.