First Time Homebuyers' Tax Credit Extended For Certain Members of the Military

By
Real Estate Agent with Keller Williams Realty Madison

The Worker, Homeownership and Business Assistance Act of 2009, which was signed into law on Nov. 6, 2009, extended the $8000 first-time homebuyer credit deadline for certain members of the military? Please see the quote below and click on the link for the full IRS document.

“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.” http://www.irs.gov/newsroom/article/0,,id=215594,00.html

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Karen Rice, Realtor, Certified Residential Specialist, Military Relocation Specialist 

 Keller Williams Realty Madison

1593 Hughes Rd, Ste A

Madison AL 35758

256-319-3700 - office

256-348-1527 - Direct (call or text)

Madison AL Homes For Sale 

     

All information deemed reliable but not guaranteed

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