Military Earn Year Extension on Tax Credit

Military personnel, members of the Foreign Service, and employees of the intelligence community have an extra year, through June 2011 to buy a principal residence int he U.S. and claim the tax credit. The deadline for entering a binding contract is April 30, 2011. The extension applies to any individual (and if married, the individuals spouse) who serves on qualified official extended duty service outside of the US for at least 90 days during the period beginning after Dec. 32, 2008 and ending before May 2, 2010.