Longer homebuyer tax credit deadline for members of the military and certain other federal employees serving outside the US…

The IRS has extended the homebuyer tax credit deadline for members of the military and certain other federal employees serving outside the U.S. for an extra year!

Members of the uniformed services, members of the Foreign Service and employees of the intelligence community serving outside the U.S. can buy or enter into a contract to buy a principal residence in the U.S. on or before April 30, 2011 and still receive the credit. Additionally, as long as there’s a purchase contract by April 30, 2011, the taxpayer has until June 30, 2011, to close.   This special provision 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.  The income limits and other requirements/restrictions of the credit still apply though.

For source and more info, refer to the IRS article: First-Time Homebuyer Credit: Members of the Military and Certain Other Federal Employees

For informational purposes only.  Although we try to provide reliable info, we do not guarantee that posts always have the most updated details.  Please consult with a tax professional or financial advisor for more details and to see if you can and should file for the credit.  The IRS is also available to answer any tax related questions you may have – the number to call for individual taxes is 800-829-1040.