The scoop on the new $8,000 first-time homebuyer tax credit

The new $8,000 first-time homebuyer tax credit offers a much bigger carrot than the previous $7,500 credit. Unlike the previous credit, the new tax credit does not require repayment. The new credit applies to homes purchased between January 1st and November 30th, 2009. This FAQ document from the Wisconsin Realtors Association does a nice job explaining the terms and eligibility requirements of the new credit.

Have a good weekend,

Dan Miller, Keller Williams Realty and DaneCountyMarket.com