Home Buying in Urbana>Question Details

Elonda, Home Buyer in Urbana, IL

I purchase a home in Il in Feb of 09 a first time buyer. What incentive is offered for me?

Asked by Elonda, Urbana, IL Wed Jul 22, 2009

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Nick Vandekar’s answer
Elonda, as a first time buyer if you have not owned a home for the past 3 years you qualify for the first time buyer credit, you can apply for this now by re-filing your tax form for the previous year. As long as the home was more than $80,000 you qualify for the complete $8,000 credit.
Web Reference: http://www.VandekarTeam.com
0 votes Thank Flag Link Wed Jul 22, 2009
If you mean the February of this year that has passed...then you should have qualified for the $8000 First Time Homebuyer Tax Credit. I have provided the link to government webpage.
0 votes Thank Flag Link Wed Jul 22, 2009
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