Sunday, January 10, 2010

First Time Home Buyer Credit for Military

Special benefits for the MILITARY serving outside the US in the Worker, Homeownership and Business Assistance Act of 2009. They have an additional year to purchase their principal residence - must purchase by 4/30/11, or have under contract by that date and close by 6/30/11. In many cases, the recapture may be waived as well. Check out the IRS website for more details.

http://www.irs.gov/newsroom/article/0,,id=215594,00.html?portlet=7

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