FIRST-TIME HOMEBUYERS TAX CREDITS: This has been extended until April 30, 2010. Homebuyers must have a binding contract to purchase before May 1, 2010. The purchase must be completed by June 30,2010. The credit can only be taken once the purchase has been completed. Current homeowners (who have lived in their home the last five of eight years) who purchase a new primary home will be eligible for a credit up to $6,500. This credit can be taken on IRS form 5405. EARNED INCOME TAX CREDIT: This credit has expanded to include families with three or more children. CHILD TAX CREDIT AND ADDITIONAL CHILD TAX CREDIT: The minimum has been lowered to $3000 this year which allows more low income filers to qualify. For more information, go to www.irs.gov and check out form 8812. RESIDENTIAL ENERGY CREDIT: Homeowners may be able to claim 30% of the cost of certain energy efficient improvements such as windows, doors, insulation, water heaters, heat pumps, air conditioners and certain roofs. The credit has been expanded to include certain asphalt roofs and stoves that burn biomass fuel. The credit is limited to $1,500.