In the Austin division, $1,000 Design Center promotion available for military (active, reserve or retired). Must present military ID. Prices, plans and specifications subject to change without notice. Inventory homes are subject to prior sale. Only one military offer per household and offer may not be combined with any other available employee, military and/or Ryland offer(s) and promotion(s). Military offer may be discontinued or changed without notice. First-time home buyers or buyers who haven't owned a home in the past three years may be eligible to receive a tax credit equal to ten percent of their home's purchase price up to a maximum of $8,000. Home owners who have lived in their home for at least five years may qualify for a tax credit of $6,500. Tax credits apply to single taxpayers with incomes under $125,000 and couples with incomes under $225,000. If income exceeds these levels, a homebuyer may be eligible for a partial tax credit. The tax credit only applies to purchase with contracts written by April 30th 2010 that close on or before June 30th 2010. Some tax credit restrictions apply. The new tax credit does not have to be repaid if you keep your home for three years. Qualified service members who are ordered on a period of extended duty, have deadlines extended for one year: they must sign a contract by April 30, 2011 and close by June 30, 2011. “Qualified service member” means a member of the uniformed services of the U.S. military, a member of the Foreign Service of the U.S., or an employee of the intelligence community. “Official extended duty” means any period of extended duty outside of the United States for at least 90 days during the period beginning after December 31, 2009 and ending before May 1, 2010. The information provided is a summary only and does not constitute legal or tax advice. See your tax professional for details. For more information visit http://www.federalhousingtaxcredit.com/. See sales counselor for information on available promotions, restrictions and offer limitations. ©2010 RH of Texas Limited Partnership. |