Florida Homebuilder Centerline Homes | Real Estate Blog

U.S. servicemen out of the country for 90 days (since 2008) may have an extra year to get the tax credit, up to $8,000, for buying a home.

The active-duty rule is not new. It’s part of the current tax credit law, though its use is limited. The qualification must be for “official extended duty outside the United States for at least 90 days after 2008 and before May 1, 2010.”

Should that be the case, however, the homebuyer has an extra year to buy a home. He or she has until April 30, 2011, to secure a binding contract, and until June 30, 2011 to close on the home. Other conditions such as a maximum $8,000 for first-time buyers and $6,500 for move-up buyers still apply.

For advice in regards to the tax credit consult a qualified tax advisor. The applicable IRS publication is posted online (PDF format) at: http://www.irs.gov/pub/irs-pdf/p3.pdf

This year, qualifying taxpayers who buy a home before Dec. 1, 2009, can claim the credit on either their 2008 or 2009 tax returns. They do not have to repay the credit, provided the home remains their main home for 36 months after the purchase date. They can claim 10 percent of the purchase price up to $8,000, or $4,000 for married individuals filing separately.

Remember, You Have to Hurry!  You must be closed on your home before Dec 1st.

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Briella Grand Opening This Saturday & Sunday | June 20-21, 2009
Sensational 2 & 3 bedroom Townhomes all with Garages.

3 Fully furnished New Models Starting at $179,900

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Briella in Boynton Beach, FL is having it's Model Grand Opening June 20th 2009!  Here's a sneak peek of the Incredible New Townhome Models that will be available for viewing next weekend.

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Accolades abound for the beautiful Torino at The Isles of Oviedo!  The Torino was awarded First Place in the 2009 Parade of Homes in May. The Torino Townhome is a 2,139sq ft Masterpiece with 3 Bedrooms, 2.5 Baths and a 2 car Garage!  All this starting at only $199,900!

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