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2010-12-28 17:59:20
Tax Credit Gift Card

I was going through a drawer looking for a card when I found an airline ticket credit voucher for $100 that had expired.  What a waste!  That got me to thinking of all of the gift cards that were given this year and will get tucked away and forgotten that may end up expiring too.

That led me to another thought which was the extended tax credit for members of the military, Intelligence and Foreign Service who have served outside of the U.S. for at least 90 days between January 1, 2009 and May 1, 2010.  This gift card comes from Uncle Sam and could be worth $6,500 to $8,000.

Qualifying buyers have until April 30, 2011 to get a completed sales contract and then, must close it by June 30, 2011.  The bonus that comes with this gift card is that the recapture of the tax credit doesn't apply if the qualified service member receives government orders to move prior to the three year residency period completion.  For additional information, go to IRS.gov.

There's more to finding the 'Right' home than driving around looking at houses.  A Residential Finance Consultant can help you make better decisions to help you understand the tax advantages, financing alternatives and investment aspects of homeownership.

 

 
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