Virginia Sales Tax Holiday is August 6-8, 2010

July 15, 2010

Shop for School Tax-Free before School Begins, Virginia Sales Tax Holiday is August 6–8

School supplies selling for $20 or less per item and articles of clothing, including footwear, selling for $100 or less per item will be exempt from sales tax during the Virginia Sales Tax Holiday scheduled for Friday, August 6 through Sunday, August 8.

Families with children in Prince William County Public Schools are encouraged to take advantage of these savings to prepare their students for the upcoming school year. Check your school’s Web site or call your school for a copy of the 2010–11 supply list. For a directory of schools, go to pwcs.edu and click on “Schools,” then select the directory by grade level.

For more information about the Virginia Sales Tax Holiday, go to www.tax.virginia.gov/salestaxholiday.

 

http://www.pwcs.edu/news2/announcements/29-AugustShopTaxFree.html.

Homebuyer tax credit eligibility expanded for those serving outside the U.S.

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.

Here’s a link to the IRS site and a preview of what is posted there http://www.irs.gov/newsroom/article/0,,id=215594,00.html

REALTOR® Magazine-Daily News-Tax Credit Extension Seems Likely

REALTOR® Magazine-Daily News-Tax Credit Extension Seems Likely.