Benefits for both the seller and the buyers
Home Requirments for Military Advantage Program
- Property must be located within an easy commute of an active military installation – 25 miles or less.
- Property must be priced within 5% of Fair Market Value as determined by a
comparable Market Analysis.
- Buyers may receive a cash incentive when they purchase a Prudential Military AdvantageSM property.
- Special Rebate for Buyers – click here for the details
- Terms and Conditions for rebates
- We can also introduce you to lenders in the local area who have special programs for you.
Military Families and Money
Combat Pay: Combat pay normally isn’t subject to federal income tax. But those receiving it can choose to include it as taxable income to help qualify for the Earned Income Tax Credit (up to $5,657 for three or more qualifying children for 2009). This is a refundable tax credit for those with low to moderate incomes. If you serve overseas and want to qualify for the Earned Income Tax Credit , you must file a tax return – even if you’re receiving combat pay. For details, go to www.IRS.gov and search EITC. Consult an accounting professional for specifics on your tax situation.
Home Buyer Tax Credit – The homebuyer tax credit law allows military members on qualified extended duty an extra year to buy a primary residence – contracts must be signed by April 30, 2011, and closed by June 30, 2011. Another plus: Military personnel are not required to repay the tax credit if required to move by military orders. For details, go to www.IRS.gov and search Military Home Credit.