Saturday, May 08, 2010

Home Buyer Tax Credit Not Over For Some Military & Foreign Service Members

If you are a military, foreign service, or intelligence community member, Congress has granted special exceptions that might have extended your eligibility for the $8,000 first time home buyer and $6,500 repeat home buyer Federal tax credit programs. 

For the general public, the tax credit applied to qualified home purchases under contract before 30 April 2010 and closed by 30 June 2010.


However, the programs have been extended for some qualified service members on official duty outside of the United States for at least 90 days between 31 December 2008 and 1 May 2010.  For those home buyers, the tax credit applies to sales with a binding sales contract in place on or before April 30, 2011 and closed by June 30, 2011.

Go here for an excellent summary of the extension rules brought to you by the National Association of Home Builders.

If you are looking to buy or sell a San Antonio home, Click to visit us at SanAntonioHomeQuest.com.

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