Most people know about the $8,000 credit for first time home buyers, but now there's also a home buyer's credit for people who've already owned. Here's how it works: if you lived in the same house for the last five consecutive years or more then bought another one and moved, you could be eligible for a $6,500 credit.
Another big money change is the home energy credit.
That's been raised to up to $1,500.
For college students, the Hope Credit has changed names; it's now the American Opportunity Credit.
And along with the name change comes more money.
The credit once limited to $1,800 is now $2,500!
Plus, don't forget charitable deductions.
There are also deductions for mileage and donated clothing or goods.
One often forgotten deduction is the $500 real estate tax.
This is good for people who don't itemize.
LINK: Oops! Errors to Avoid at Tax Time
LINK: More Tax Tips
