MARKET UPDATE
The $8000 Tax Credit Still Exists For Some!!!
Military & Certain Federal Employees Get Home Buyer Tax Credits Until 2011
Did You Know that there is STILL a Tax Credit Available?
Who qualifies?
§ Member of “uniformed” services
§ Member of Foreign Service of the US
§ Employee of Intelligence Community
§ Spouse of any of the above
And must have had:
§ Extended Duty outside the US for 91 days, or
§ Extended Duty inside the US for 91 days and had to relocate at least 50 miles from principal residence
§ Sold principal residence between Jan 1 2009 & April 30, 2010
Tax Credit Dates Extended to:
§ Signed contract by April 30, 2011
§ Closed by June 30, 2011
Can get tax credit if:
§ They sold their home or the home stops being their principal residence as of January 1, 2009 (because of government orders)
§ Extended duty (either inside or outside the US) and had to move at least 50 miles away from principal residence
§ (Extended duty is defined as 91 days service (either inside or outside) the US.)
Need More Information? Contact the IRS at 1-800-829-1040 or www.irs.gov.
Wishing you much success~-Jay
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