First I would like to welcome home all of the Sailors and Marines from the USS Eisenhower strike group who returned home to Norfolk, VA today! Welcome Home and job well done! Thank you for your service!
The $8000 first time home buyer and $6500 repeat home buyer tax credit is still available to "qualified service members" who were on "official extended duty" for over 90 days. "Qualified service members " is defined as someone who is in the US Military, a member of the foreign service of the US, or an employee of the intelligence community. "Official extended duty" is defined as any period of extended duty outside of the United States for at least 90 days beginning on December 31, 2008 and ending before May 1, 2010. You now have until April 30, 2011 to be under contract on the purchase of your home and you have until June 30, 2011 to close on that purchase. For more information on this topic go to the IRS website or consult your tax advisor. As a retired Navy Veteran I am familiar with the needs of the military and would enjoy assisting you with the purchase of your home in Norfolk, Chesapeake, Virginia Beach, Suffolk or Portsmouth.
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