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Deployed Military Tax Credit Expires April 30, 2011

By
Real Estate Agent with Eric Anderson Realty Group 243419
Deployed Military Tax Credit Expires April 30, 2011

Military Tax Credit

The Tax credit was one of the driving forces of the Home Buyers in the Fayetteville area.  Although, the tax credit was great for Buyers it was unfair to those who were deployed during this time.  In the last approval of the Tax Credit, Congress made the necessary changes to allow military members who were out of the country the ability to use the credit.  We are approaching the final deadline for military members who were deployed initially and could not take advantage of the credit.  

Home buyers must meet the April 30, 2011 deadline to be eligible for the tax credit. The most important part of receiving the credit is that you had to have served overseas on "official extended duty" for at least 90 days between January 1, 2009 - April 30, 2010.  If you fall in that category you will need to be under contract prior to April 30, 2011 and close on or  before June 30, 2011.



Cindy Justice
Synergy Realty Pros - White Pine, TN
Synergy Realty Pros

THANKS FOR THE POST.  GREAT INFORMATION

 

Dec 25, 2010 03:28 PM
Ann Hayden 636-399-7544
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri - Des Peres, MO
SelectAnn.com

Eric,

This is awesome info.. 

Merry Christmas,

Ann Hayden in Wildwood, MO

Dec 27, 2010 10:13 AM
Timothy George
Arizona Mortgage Rates - FHA Mortgage Loans in Arizona - Glendale, AZ
Arizona Mortgage (602) 492-6847

Great post Eric.  I still wish we had the old tax credit back.  Happy New Year buddy!

Dec 31, 2010 04:48 PM
Eric Anderson
Eric Anderson Realty Group - Fayetteville, NC
Fort Bragg Military Relocation Services, Fayettevi

Cindy, thanks hope you have a Happy New Year...

Ann, Merry Christmas and Happy New Year to you also.. 

Timothy, You never now we may just get it back.  Happy New Year...

Jan 01, 2011 06:57 AM
Anonymous
Leo Chandler

Yes my question is this extention only for those Military personel who was deployed? Or is everyone still able to get the tax credit? thank you

Jan 06, 2011 08:40 AM
#5
Eric Anderson
Eric Anderson Realty Group - Fayetteville, NC
Fort Bragg Military Relocation Services, Fayettevi

Leo, the extension is for those deployed during that time period.  Although, there are some other programs that offer some financing benefits.  Please email or call me and we can discuss further if you like.  

Jan 06, 2011 01:40 PM