$8000 First TIme Home Buyer Tax Credit Extended for Military
Certain military personnel and federal employees might still be able to take advantage of the $8000 first time home buyers tax credit. Here is a little quote talking about the extension from the IRS's website:
"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."
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If you'd like you can also view the YouTube Video from the IRS at http://www.youtube.com/watch?v=VoZ0CCGQ9U8.
Give me a call at (320) 492-2667 to see if you might qualify for this extension on the home buyer tax credit.
Jason Tangen - GRI, e-PRO - Real Estate Broker Associate with Edina Realty in St Cloud.
http://StCloudEdina.com - Home of the e-Market Analysis (free home value estimator)
http://JasonTangen.EdinaRealty.com - Find Sauk Rapids City and School Information.
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