First-time home buyers can plan for tax credit -- even if they've yet to buy

I am working with a client who is a first time homebuyer in her 50s. I will definitely be forwarding this and the HomeSight information to her!!!

Many of this year's first-time home buyers will get an extra perk: a tax credit of up to $8,000 that can be claimed on their 2008 taxes.

The option to claim the credit now instead of next year puts cash in the hands of eligible buyers soon after they've committed to one of the biggest purchases they'll ever make.

See TaxWatch.