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Good News--The Homebuyers Tax Credit is not Totally Dead
I just learned today that a select group of Americans are still eligible for the Homebuyer's Tax Credit until June of 2011. The fortunate ones? The US Military and certain US Governmental Employees who work overseas. Here is the scoop:
For Members of the Military
Members of the Armed Forces and certain federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and still qualify for the credit. An eligible taxpayer must buy or enter into a binding contract to buy a home by April 30, 2011, and settle on the purchase by June 30, 2011.