Although the Home Buyer Tax Credit has expired for most first-time and repeat buyers, special rules for members of the military, the foreign service and the intelligence community may apply.
Qualified service members who are ordered on a period of official extended duty have an extension to the dates for one year. For these home buyers the tax credit applies to sales with a binding sales contract in place on or before April 30, 2011 and closed by June 30, 2011. ‘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, 2008 and ending before May 1, 2010.
Call a Group Realtor to find out more about the Home Buyer Tax Credits for military personnel.