Military Exceptions for Home Buyer Tax Credit

Here in Military City USA we strive to serve those who serve our country in every way we can. This post is a reminder of the extension of the Home Buyer Tax Credits ($8000 for First Time Buyers or $6500 for Repeat Buyers).

As the article linked above explains, members of the military and certain other federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and qualify for the credit. Thus, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2011. If a binding contract is entered into by that date, the taxpayer has until June 30, 2011, to close on the purchase. Members of the uniformed services, members of the Foreign Service and employees of the intelligence community are eligible for this special rule. It applies to any individual (and, if married, the individual’s spouse) who serves 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.

I’d love to help you or anyone you know who is eligible for this program to take advantage of it. Contact me today at Lynn@LynnKnapik.com. Be ready to receive “Service Beyond Your Wildest Expectations!”.

Take Inventory of Your Home – for FREE!

How much would you lose if you had a fire at your home or some other disaster hit? How could you ever remember all you owned in order to file an accurate insurance claim. A client who lost everything to Hurricane Katrina recently related how difficult the task of filing that insurance claim was.


What You Own Home Inventory is a free software that assists you in taking inventory of your possessions. It’s easy to use and it helps you organize your inventory by room and category. You can add multiple pictures of your items, rooms and household as you go along. When you are done, you can save your file and print a report.

And best of all – it’s FREE. Check it out today.

Help the Food Bank Paint the Town Orange

September is Hunger Action Month and the San Antonio Food Bank needs our help. 

Check this out to see how you can help!