Do You Still Qualify for the First Time Home Buyer Tax Credit?

Posted By Kim PeasleyParker @ Dec 30th 2010 7:13am In: Buyer Information

The 2010 First Time Home Buyer Tax Credit provided an automatic extention for uniformed service members and other Federal Government employees who had been out of the country working from December 31, 2008 through May 1, 2010.  The credit is good for that person or their spouse in the purchase of a primary residence.  The IRS provides information on their web page with the specifics.


If you or your spouse were assigned duty out of the country for 90 consecutive days during the time period listed above, you will qualify for the tax credit for an additional year.  The property you are purchasing must be under contract by April 30, 2011.  
So for many people in the Sumter area, the tax credit really hasn't ended.  Now is the time to act on getting your purchase under contract as many buyers were out and about in March and April trying to get their future home under contract.  You know have a little less competition, but are still eligible for the tax credit.  
If you need help with locating your future home, please give me a call.  I love working with first time home buyers! 


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