AHS Reminds Americans Who Served Overseas to
Take Advantage of Homebuyer Tax Credit
Deadline Extended for Military and Others Who Have Recently Served Abroad
May 27, 2010 06:04 AM Eastern Daylight Time
MEMPHIS, Tenn.--(EON: Enhanced Online News)--Members of the military and certain other federal employees
who served overseas between December 31, 2008 and May 1, 2010 have another year to take advantage of the
tax credit for first-time homebuyers.
“It’s wonderful to see those who are serving our country have an extended opportunity to earn this tax credit,” said
spokesperson Nicole Ritchie of American Home Shield, one of the nation’s leading providers of home service plans.
“Many deserving home buyers would likely have missed out on the tax credit without this extension.”
Eligible taxpayers who are in the armed forces or who are members of the foreign service or intelligence community
can earn homebuyer tax credits if they enter into a binding contract to buy a principle residence before April 30,
2011 and close on that contract by June 30, 2011.
The tax credit applies to any individual (and, if married, the individual’s spouse) who served 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.
First-time buyers who meet certain income qualifications can earn tax credits of up to $8,000. Long-time
homeowners are eligible for tax credits of up to $6,500 if they are replacing a principal residence they have owned
for any five-consecutive-year period during the preceding eight years.
You can read about the tax credit at the AHS website devoted to first-time homebuyers, located at
www.firsthomeexperience.com. Simply click the icon marked “recovery.gov” to find out if you qualify for the credit.
The site also offers valuable resources such as money-saving coupons and other information that can benefit all
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