Homebuyer Tax Credit has a caveat for the Military who have served overseas.

Did you know that the current Homebuyer Tax Credit has a caveat for military and some federal employees that allows an extra year of eligibility?

Under the Worker, Homeownership and Business Assistance Act, which was signed in November 2009, individuals or their spouses who serve on qualified official extended-duty service outside the country for at least 90 days between Jan2, 2009 and April 30th, 2010 have an additional year of eligibility. Given the amount of Local Military Heroes, this could extend the credit for many in our community and others. I have tried to give you a link that you could just go to and read but because bill H.R.3548 is a suppliment for another bill created a year before all you get is the changes so the link below gives you the base information. Click the link First Time Homebuyer Credit then click First Time Homebuyer Credit under the credit bullet.

This information comes to us from:

Pam Woodall, President

Beach Community Mortgage

850.315.4102

Toll Free: 888.864.2946

Regards,

http://http//www.irs.gov/publications/p3/ar02.html#en_US_publink1000238079