Home Buyer Tax Credit Extension for Some Military Members…

As the existing home buyer tax credit winds down (purchases must be under contract by April 30th and closed by June 30, 2010), many are wondering if there will be another extension.

As of now, the only extension has been granted to certain members of the military, the foreign service and the intelligence community.

For qualified service members who are ordered on a period of official extended duty, the tax credit dates are extended for one year. The purchase contract must be dated by April 30, 2011 and closed by June 30, 2011.

Also, this extension applies to a service member who is forced to return to the U.S. for medical reasons before completing an assignment of at least 90 days of official extended duty outside the U.S.

A “Qualified Service Member” is a member of the Armed Forces of the U.S. military, a member of the U.S. Foreign Service or a member of the intelligence community.

via Home Buyer Tax Credit Extension for Some Military Members, Foreign Service Members and Intelligence Community – The Trump Blog.

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