Posts from March 21st, 2011
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21
Military Homebuyer Tax Credits Still Available!
Although the Homebuyer Tax Credit has expired for most of the population, Ruhl&Ruhl REALTORS would like to remind the public that there are still homebuyer tax incentives available for our service personnel. For the qualified members of the military who are ordered on a period of official extended duty, the Homebuyer Tax Credit was extended for one year. For these homebuyers, the tax credit applies to sales with a binding sales contract in place on or before April 30, 2011 and closed by June 30, 2011. First-time homebuyers may be eligible for a tax credit of up to $8,000 on the purchase of a home and move up or repeat homebuyers may be eligible for a tax credit of up to $6,500. A person that is forced to return to the U.S. for medical reasons before completing an assignment of at least 90 days of qualified official ex...
