Wondering about the First-time home buyer tax credit?

As state on the National Association of Realtors' website:

The bill provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009. The credit does not require repayment. Most of the mechanics of the credit will be the same as under the 2008 rules: the credit will be claimed on a tax return to reduce the purchaser's income tax liability. If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser.

Chart highlighting major modifications to the first time home buyer (PDF)

Frequently Asked Questions (PDF)

National Assn. of Realtors' presention on first time home buyer tax credit (PDF)

You can also learn more by going to National Association of Realtor's Web site

I hope this helps anyone who is looking to get more information.

I want everyone to know that even during these tough economic times I'm more committed than ever to finding my clients the right house and selling my clients houses...doing whatever it takes.