Tax Credit Extension for Members of the Military Serving Overseas

If you or someone you know is serving oversees they are still eligiable for the taxt credit. This is a great way to reward our troops for serving our country. See below for more information.

The following information is reproduced from the IRS website:
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 he 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.

More information about military personnel and the homebuyer tax credit is available at http://www.irs.gov/newsroom/article/0,,id=215594,00.html.

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