List Of First Time Home Buyer Credit Illinois 2022. Contribute $1,000 or 1 percent of the purchase price, whichever is greater; This agency delivers a variety of homebuyer assistance programs throughout the state.

You can claim up to $5,000 for the purchase of a qualifying home in the year if both of the following apply: This valuable illinois first time home buyer tax credit means you can save up to $2,000 on your taxes every year for as long as you have your mortgage! Ad mortgage first gets you approved before you buy!