First Time Home Buyer Tax credit for Military members extended for a year!!!
If you have any family members or friends who are in the military or a federal employee working outside the US may qualify for the first time home buyer tax credit.
Members of the military and certain other federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and qualify for the credit. Thus, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2011. If a binding contract is entered into by that date, the taxpayer has until June 30, 2011, to close on the purchase. Members of the uniformed services, members of the Foreign Service and employees of the intelligence community are eligible for this special rule. It applies to any individual (and, if married, the individual's spouse) who serves on qualified official extended duty service outside of the United States for at least 90 days during the period beginning after Dec. 31, 2008, and ending before May 1, 2010.
For more info on this tax credit: http://www.irs.gov/newsroom/article/0,,id=215594,00.html
This is great news. And please call me with any questions.
"Helping You Thru the Whole Process"
David Krichmar
Mortgage Banker/Broker
Moncor Mortgage Bank
cell:832-689-6012
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