Mortgage Calculators

Saturday, May 29, 2010

Tax Credit for Military Extension

Military personel, members of the Foreign Service, and employees of the intelligence community have an extra year, through June 2011, to buy a principal residence in the U.S. and claim the federal tax credit. The deadline for entering a binding contract is April 30th 2011 with the deadline to close a purchase being June 30 2011. The extension applies to any individual (and if married the individuals spouse) who serves on qualified official extended duty service outside of the U.S. for at least 90 days during the period beginning after December 31,2008 and ending befor May 1st 2010. See www.military.com/finance/content/0,15356,205662,00.html for more information.
Pretty cool!

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