Military Perk in the Homebuyer Tax Credit*
March 5 , 2010
Did you know that the current Homebuyer Tax credit has a caveat for military and some federal employees that allows an extra year of eligibility?
Under the Worker, Homeownership and Business Assistance Act, which was signed into law in November 2009, individuals or their spouses who serve on qualified official extended-duty service outside the country for at least 90 days between Jan 1, 2009 and April 30th, 2010 have an additional year of eligibility. Given the amount of LOCAL miliatary heros, this could extend the credit for many in our community.
Let’s all work together to educate those that serve our country outside the safety of our borders and help more families become homeowners this year! For more information visit
IRS.gov.
*Clients should consult a tax advisor for more information on how the tax credit will impact them. Tax laws are complex, and we want clients to be well informed before making the decision to purchase a home.
Posted by Pam Woodall
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