Homebuyer tax credit extension available for qualified military members

Wednesday, April 28, 2010 by Kelli Tolocka
The tax credit is ending this week for most Americans but qualified military and federal government personnel still have an extra year to claim the credit. So how do you know if you are eligible? Below are a few helpful guidelines:
  • Service members who have served outside their country for 90 days or more between January 1, 2009 and this Friday.
  • Qualified personnel is defined as members of the uniformed services of the United States military, a member of the Foreign Service of the United States, or an employee of the intelligence community
  •  The repayment terms are waived if the homes sold in connection with orders to a new duty station at least 50 miles away
This quick video from the IRS also gives additional information.


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