No! If you are buyeing prior to November 2009 then you mayrefile the 2008 amended return and claim the money! I work with many first time buyers who are using the money for updates, for a while the FHA was going to allow the money as part of the downpayment for for now yoiu need to file now or file later!

Hi Tallyj,
Are you talking about the first time home buyer tax credit? You need to purchase the home by November 30, 2009. This doesn't mean contract on the house by that date, it means you actually have to close on the home by that date. Then when you do your taxes for 2009 next year, you will get your credit of 10% or $8,000, whichever is lower. Of course, there are income restrictions. See my website for more info: http://www.TJSellsHomes.com
TJ