Bonney Lake/Lake Tapps: Members of the Military Tax Credit til April 2011

Members of the Military Tax Credit til April 2011

Members of the military and certain other federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and qualify for the credit. Thus, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2011. If a binding contract is entered into by that date, the taxpayer has until June 30, 2011, to close on the purchase. Members of the uniformed services, members of the Foreign Service and employees of the intelligence community are eligible for this special rule. It applies to any individual (and, if married, the individual's spouse) who serves on qualified official extended duty service outside of the United States for at least 90 days during the period beginning after Dec. 31, 2008, and ending before May 1, 2010.

If you are intruiged lets start looking for properties. In Dupont or Fort Lewis, Possibly Puyallup or Spanaway.

Q. Are both spouses required to be overseas for the requisite time period in order to qualify for the 2011 extension to claim the credit?

A. Only one spouse must be overseas on official extended duty for the requisite amount of time for either spouse to be eligible for the 2011 extension of time to purchase a principal residence and claim the credit.

Looking forward to meeting you, thank you for all that you do.

Live Life, Be Well...Namaste!


Krisy Clayton

 

 
Kristina Clayton~BROKER
PC Homes
Residential Real Estate
Call or Text-253-576-4304

 

 
  

Comment balloon 2 commentsKristina Clayton~ • September 20 2010 06:02PM

Comments

Thank you Krisy - Nice blog. Gay

Posted by Gay E. Rosen, As Real as Real Estate Gets! (Julia B. Fee Sotheby's International Realty) almost 8 years ago

Thank you Gay, Have a great day!!!

Posted by Kristina Clayton~, "Where Commitment and Possibilities Meet" (PC Homes Residential Real Estate) almost 8 years ago

Participate