Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.

The IRS has released  a revised Form 5405 to reflect the changes to the tax credit made in the extension and expansion legislation enacted in November 2009.
The release reminds taxpayers that all tax returns claiming the tax credit must be filed manually, they cannot utilize the IRS E-File automatic system!
 The revised form includes a section for those repeat buyers who are eligible to claim the $6500 tax credit. The HUD-1 or evidence of the transaction must be filed with all returns claiming the credit (both the $8000 and $6500 credits). Individuals who claim the repeat buyer credit must also provide evidence that they have owned and used the prior residence for 5 consecutive years. The instructions indicate that property tax or homeowners insurance records are sufficient for this purpose. Your Real Estate agent or title company should be able to provide you with a copy of your HUD-1 should you need it.