Members of the U.S. military, foreign service and intelligence communities have another year to purchase a home and claim the home buyer tax credit. According to the Internal Revenue Service, the extension 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." Qualifying service members have until on or before April 30, 2011, to sign a sales contract and on or before June 30, 2011, to close on the property. Both the $8,000 first-time and the $6,500 repeat home buyer tax credits are included in the extension.
Gerard Scheffler, GRI ,ADPRReal Estate Broker -Home Gallery ,Inc
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