Tax Credit extended for the Military. While in Oklahoma Real Estate is picking up.  The first time home buyer tax credit can be attributed to a lot of the activity as last minute buyers finally got contracts on their new home.  What a lot of people don't know, is the deadline for the Federal Housing Tax Credit did not end April 30th, 2010 for Service members who were ordered on a period of extended duty outside of the United States for 90 days  during the period starting December 31, 2008 through the ending date of April 30th 2010.  For our soldiers who were ordered out of the USA on active duty for 90 days or longer during this time line, they have an extended year to take advantage of the first time buyer tax credit. Even a person who is forced to return to the U.S. for medical reasons before completing an assignment of 90 days may still qualify for this extension.

A qualified Service member includes, a member of the uniformed services of the U.S. military, a member of the Foreign Service of the U.S. or an employee of the intelligence community. 

Nancy and I think this was a wonderful exclusion that supports our troops and gives them extra time to buy a home.  They are willing to fight for our country and forgo the current events and benefits our Country is experiencing by choosing to serve.  I believe they deserve any break our country can give them.

Oklahoma has many military bases that help make up our armed forces.  There are many family members left behind, waiting for their loved ones to return.  This extra flexibility will enable them to still take advantage of the first time buyer tax credit.

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Tags: First Time Buyer Tax Credit Extension Support For Our Troops