(RIVERWOODS, Ill. , Aug. 4, 2009) – Users must act fast to take advantage of a number of temporary tax changes enacted in February when Congress passed the Economic Recovery and Reinvestment Act of 2009, according to CCH.

The tax software and research vendor notes that changes that will expire this year include the first-time homebuyer credit, which provides a maximum credit for homes purchased between January 1 and November 30. Taxpayers must be qualified buyers and satisfy income requirements. These who are eligible can file an amended 2008 tax return to get the credit earlier. Read more...