Home buyer tax credit extended for some in the U.S. Armed Forces
By admin - Last updated: Wednesday, April 21, 2010 - Save & Share - Leave a Comment
The first time home buyer and long term resident tax credit are scheduled to end for most home buyers on April 30, 2010. However for some members of the U.S. Armed Forces the time to purchase a home in order to qualify is extended.
According to IRS Publication 3 “Armed Forces’ Tax Guide”, the tax credit deadlines are extended to April 30, 2011 for entering a written binding contract to purchase a home and June 30, 2011 for closing on the home for those members on qualified official duty outside the United States for at least 90 days after 2008 and before May 1, 2010.