1 June 2010 – The Federal Homebuyer’s Tax Credit has been extended for servicemen and women, as well as federal employees who served abroad in 2009. As with the Federal Homebuyer’s Tax Credit that just expired for the general public, this represents a way to save between $6,500 and $8,000 on the purchase of a primary residence. The extension is for one year and ends for military and federal employees who served abroad for at least 90 days from January 1, 2009 to May 1, 2010, as well as their spouses. The same income and purchase price caps exist, so you should consult with your lender, realtor and tax professional before determining your eligibility. With mortgage rates at some of the lowest points in decades and a buyer’s market, this represents an amazing opportunity for you to save on the purchase of a new home.Email This Post To a Friend.
Fed. Home Buyer Tax Credit Extended for Service Members
June 1, 2010
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