Home Buying Government Tax Credits At A Glance For Your Jonesboro Home Purchase

Soldiers get extra year for tax credit

For most homebuyers, a federal tax credit expired April 30.  But members of the military, foreigh service and intelligence commuities have an extra year to collect the tax break.

 

• The law gives qualified service members who served on official extended duty outside of the United States for 90 days or more at any time between January 1, 2009 and April 30, 2010, until April 30, 2011, to sign a sales contract and until June 30, 2011 to close.

 

• Both the $8,000 first-time and $6,500 repeat home buyer tax credits are included in the rule, the National Association of Home Buyers says.

 

• contact:  www.nabb.org.
  
  

 

Contact one of our real estate experts of Fred Dacus Associates to assist you with the purchase or sale of your Jonesboro home!