So Congress passed the new stimulus legislation on Friday and part of that was changes to the home buyer tax credit.  Initially, the bill had changed the tax credit to $15,000 and made it forgivable.  Then late last week part of the concessions  that were made were making the bill $8000 (or 10% of the purchase price). 

The great news is that now that tax credit is forgivable!  Plus, the date has been extended through December 2009.  So if you purchase between now and then, when you file your 2009 tax returns, whatever you would normally be getting as a refund, add $8000 to.  The best news is that you will never have to pay that money back (unlike the $7500 tax credit that was passed in July 2008).

The bad thing about it is that you can’t get this money until after you buy, but it’s still a pretty sweet deal.