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GENERAL GUIDELINES FOR
EXISTING HOMEOWNERS
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For individuals who serve on qualified official extended duty service outside the U.S.
for at least 90 days during the period after Dec. 31, 2008 and before May 1, 2010.
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The $6,500 tax credit is available for homes purchased before April 30, 2011 and closed by June 30, 2011.
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The $6,500 tax credit is for primary residences only.
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The $6,500 tax credit is for any homebuyer who has lived in their current
residence for 5 consecutive years out of the 8 years they have owned their home.
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GENERAL GUIDELINES FOR
FIRST-TIME HOMEOWNERS
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For individuals who serve on qualified official extended duty service outside the U.S.
for at least 90 days during the period after Dec. 31, 2008 and before May 1, 2010.
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The $8,000 tax credit is available for homes purchased before April 30, 2011
and closed by June 30, 2011.
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The $8,000 tax credit is for first-time homebuyers or someone who has not owned a
principal residence during the three-year period prior to the purchase.
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*Buyer must be actively serving in the U.S. Military. Buyer must provide documentation to prove current employment.
Certain incentives may vary by division and/or community. The 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. Offer void where prohibited or otherwise restricted by law.
All information (including, but not limited to prices, availability, incentives, floor plans, site plans, features,
standards and options, assessments and fees, planned amenities, programs, conceptual artists’ renderings and
community development plans) is not guaranteed and remains subject to change or delay without notice. This information
is provided for general awareness only and is not intended for the purpose of providing legal, accounting, tax advice,
or consulting of any kind. Please consult with your tax professional for complete details. For complete guidelines and
restrictions on the Federal Tax Credit please visit
http://www.federalhousingtaxcredit.com/service_mem.php and
http://www.irs.gov/newsroom/article/0,,id=215594,00.html .
© May, 2010, Taylor Morrison, Inc. All rights reserved.
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