First-Time Home Buyers Tax Credit

Several people have asked me about the First-time Homeowners Tax Credit. An $8,000 tax credit for first-time home buyers was signed in to law as part of the new Stimulus Bill. Unlike last year's tax credit, this is a true credit and will not require a payback. It will expire December 1, 2009!

The National Association of REALTORS (NAR) has published a few great resources to help.

• Chart Highlighting the Major Modifications to the First-Time Home Buyer Tax Credit
• Frequently Asked Questions

We also have Tips for First-Time Home Buyers in the Buyers section of our website.

Email or call us at 309-657-0063 for more details. We want to help you get started!