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If you don't know about a potential tax break, you won't take it. Here are the deductions a lot of taxpayers often forget.

WASHINGTON - Speaking to the National Association of Home Builders Spring Board of Directors Meeting, U.S. Housing and Urban Development Secretary Shaun Donovan today announced that the Federal Housing Administration (FHA) will allow homebuyers to apply the Obama Administration's new $8,000 first-time homebuyer tax credit toward the purchase costs of a FHA-insured home. Donovan said that today's action will help stabilize the nation's housing market by stimulating home sales across the country.

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Donovan announces Recovery Act's homebuyer tax credit can immediately help thousands of first-time homebuyers to buy a home

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