Created Thursday, 05 August 2010 22:31

Federal tax credit still an option for some buyers

The federal tax-credit deadline to have a house under contract has come and gone for most homebuyers, but not all.

Members of the military who have served outside the U.S. for at least 90 days between Dec. 31, 2008, and May 1, 2010, have until April 30, 2011, to enter into a contract on a home, according to the IRS.

The IRS also makes clear that only one spouse of a married couple need meet that overseas requirement for either spouse to be eligible for the deadline extension.

In addition to the Federal Tax Credit, San Antonio area Veterans may also qualify for additonal cash rebates available exclusively from real estate agent Randy Watson of Mission Realty via the Military Relocation Incentives Program.