Monday, April 12, 2010

Fed Tax Credit extended for some

The Federal Tax Credit for first time buyers is set to expire here shortly. You need to be in escrow by April 30th and closed by June 30th to receive the credit. BUT - if you are a service member and you were outside of the US for 90 days or more on "official extended duty" your expiration date is year off! Thats right you get an extra year to find a home! You have to be in escrow by April 30th, 2011 and closed by June 30th 2011. There's more info on the IRS website!

Also - The State of California is bringing back (and enhancing) their homebuyers tax credit. See my facebook page for on on that!!

Dave