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Military Relocation-The Best Part of the Latest Tax Credit Extension

It includes the extension of the tax credit to military families who have been stationed outside the US for at least 3 months in 2009.

For qualifying families they have until June 30, 2011 to purchase a home a qualify for the tax credit.

Now that is good news!

Posted by Cindy Jones-Northern Virginia Real Estate & Military Relocation Services on 11/06/2009 07:03 AM

Comments (14)

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Originally posted at: : Military Relocation-The Best Part of the Latest Tax Credit Extension

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14 Comments on Military Relocation-The Best Part of the Latest Tax Credit Extension

NOV

www.ToulaRosebrock.com Hi Cindy:

I guess we are all excited about the tax credit.

There definitely should be extra provisions for our military.

Toula-this originally was in a different bill but was moved and attached to this bill. There are still some other military tax bills that haven't made it out of committee yet that are needed.

Cindy, thanks for the information. Our area will be affected by base closures and relocation, so hopefully things will continue mov n a positive direction.

Cindy,

That's great news! Glad the extension reaches out to our military, they deserve it! Thanks for the update.

Cindy,

We don't have a lot of military in our area....but I am really glad that they did this for our military!!!

NOV

Thanks for sharing this information, I didn't realize there was a portion in the bill specifically for military. They definitely deserve it.

Gerry-our military deserve all the breaks they can get!

Carra-you are welcome. Now I'm waiting for them to repeal the 25% tax penalty that is current in place for military families who use the Home Owners Assistance Program (HAP) to see their homes.

Lori-it is a good thing that this was added to the new law.

Kathy-they moved it from another bill which still needs to be passed which benefits our military as well.

Cindy That is good news, but it should have been in the original bill. It always amazes me that our veterans are alwways last in line - it makes no difference which party is in power.

Karen-it was in another bill that also dealt with removing the tax penalty for the DoD HAP program. I was glad to see it appear in this bill but they still need to take care of the 25% penality for military families who are eiligible for the HAP program. That's a big hit!

NOV

The government always seems to want to help with one hand and take away with another.

NOV

Gene-at least this time there are a number of things to say are good about the bill.

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