First-Time Homebuyer Tax Credit Still Available for Members of the Military

A little publicized provision of the Homebuyer Tax Credit makes it available to members of the military and certain other certain other federal employees.  I quote here from the article on the IRS web site:

"Members of the military and certain other federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and qualify for the credit. Thus, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2011. If a binding contract is entered into by that date, the taxpayer has until June 30, 2011, to close on the purchase. Members of the uniformed services, members of the Foreign Service and employees of the intelligence community are eligible for this special rule. It 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."

 To read the entire article here is the URL: http://www.irs.gov/newsroom/article/0,,id=215594,00.html

If you know of someone that might qualify for this, please send them my way!