The new Tax Credit Package not only extends the $8,000 plan for qualified first time buyers but expands the plan to give qualified move-up or repeat home buyers (existing home owners) a tax credit of up to $6,500. Do you qualify? The new Tax Credit Package not only extends the $8,000 plan for qualified first time buyers but expands the plan to give qualified move-up or repeat home buyers (existing home owners) a tax credit of up to $6,500. Do you qualify?