$8,000 Tax Credit Extended for Armed Service Members | JohnHart Gazette

JohnHart Gazette

$8,000 Tax Credit Extended for Armed Service Members

$8,000 Tax Credit Extended for Armed Service Members

Good news for our armed service members. The current tax credit for first time homeowners ends this Friday, April 30^th. But if you are a qualified service member, the credit will be extended for one full year until April 30^th, 2011.

The prerequisite: Armed service members and intelligence officers who officially served an extended duty outside of the United States between January 1^st, 2009 and April 30^th, 2010 for over ninety days can claim the homeowner tax credit. The home sale contract must be signed by April 30^th, 2011 and be closed upon by June 30^th, 2011.

As an added benefit, if the service member is given orders for any extended duty services and must sell their home, they will not be required to repay the credit if moved out of their home within 36 months. Most think that it’s only fair that our armed service men and women have another year to take advantage of this opportunity since they may have missed out on the tax credit due to being posted overseas.

Tags: military, tax credit

This entry was posted on Tuesday, April 27th, 2010 at 4:55 pm and is filed under Laws & Regulations. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “$8,000 Tax Credit Extended for Armed Service Members”

bose qc3 says:

June 25, 2010 at 2:03 pm

Very great site.
The message here is genuinely important.
I will invite my friends. Cheers

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