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Jan 21st 2011

$8,000 Tax Credit Is Still In Effect Until April

Posted By: Real Estate In:   Mortgage Information
Tags: , , , , , ,

$8,000  Tax Credit Is Still In Effect Until April For Veteran’s Did you forget about the $8,000 tax credit for military and certain federal employees? A little-known (and mostly forgotten) provision of the Home Buyer Tax Credit bill that became effective on Nov. 6, 2009, is that certain military personnel and Foreign Service employees have an extra year to purchase a home and qualify for the tax credit. There needs to be a signed contract by April 30 and the deal needs to close by June 30.

In addition to that, if they sold a principal residence between Jan. 1, 2009 and April 30, 2010 because they had to relocate at least 50 miles due to “orders”, they qualify for a tax credit, even if th...


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