This is a great snapshotput together by the Illinois Association of Realtors. It sums up the extended home buyers tax credit. It’s good to see the credit moved beyond first time buyers! Long time owners can now get up to a $6500 credit as well. The first time buyer credit is still $8000.  Another welcomed aspect is the increased income limits- now up to $225k household income. The home needs to be your primary residence and most home types are acceptable… lofts, condos, single family homes, and even coop’s. Hurry though- you need to be under contract by the end of April, and have closed by the end of June.

http://www.illinoisrealtor.org/files/Advocacy/taxcredit_expanded.pdf

Related posts

• No related posts.