Did you know that the home buyer tax credit has been extended for some men and women in the military?  Under a legislative provision targeting active members of the military, the Foreign Service, and the intelligence communities, the tax credit was extended for one year beyond the current deadlines of April 30, 2010 for a binding sales contract and June 30, 2010 for settlement and closing. 

This extension only applies to home buyers who have served on official extended duty for 90+ days outside the United States from January 1, 2010 to April 30, 2010.

Also, service members who must sell their home because of official extended duty are excluded from a rule that requires buyers to repay the credit if they move out of their home within the three year requirement.

More information for militrary service members can be found at www.federalhousingtaxcredit.com.