Military Families Week: Veteran Homebuyer Tax Credit Ending
Attention all servicemembers: The Veteran Home Buyer Tax Credit expires on April 30, 2011. While the homebuyer tax credit program was closed to the general public in 2010, the program was extended for members of the military who served on "qualified official extended duty service outside of the United States" for at least 90 days between Dec. 31, 2008 and May 1, 2010.
The extension essentially gives military members who served overseas an additional year to take advantage of the up-to-$8,000 homebuyer tax credit. But to qualify, veterans must enter a contract on the home by the end of April and close by June 30.
(Learn more about the tax credit after the jump.)