Are there any extra Military benefits with the Home Buyers’ Tax Credit?
Yes, expanded tax credit benefits apply to members of the military, the foreign service and the intelligence community.
Possible Military Benefits
- Qualified service members who sell or move from a tax credit home within three years of the initial purchase due to official extended duty are exempt from the recapture rule.
- Qualified service members who are ordered on a period of official extended duty, these dates are extended for one year. For these home buyers, the tax credit applies to sales with ratified sales contract in place on or before April 30, 2011 and settled by June 30, 2011.
Still Confused?
Visit one of our many 8K YOUR Way seminars located throughout the Hampton Roads area at times and locations convenient for you. For more information go to http://www.8Kyourway.com or call 1-888-810-8688.
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