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First Time Home Buyer Tax Credit Extended for Troops Overseas
By Linda Hangen | May 19, 2010
The $8,000 first time home buyers tax credit is extended until November 30, 2010 for members of the military who have served overseas at least 90 days during 2009 and who are otherwise eligible. The credit also is extended for Foreign Service and intelligence personnel deployed overseas this year. Some soldiers and their families may have missed out on the credit, if not extended, while serving overseas when it originally was being offered.
The bill extending the credit for military personnel also prohibits the IRS from recapturing the $8,000 credit when service members must sell or rent out their homes if ordered to deploy to a different duty station within the US or overseas.
Topics: General Real Estate, Real Estate Tips | 2 Comments »
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May 19th, 2010 at 5:13 pm
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May 20th, 2010 at 12:25 am
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