Greetings neighbors,

Although most have heard by now that the federal First Time Home Buyer Tax Credit has expired, however there is one group who still has until next year to take advantage of the ever so popular tax credit.

Those who are members of the Armed Services now have a new deadline of April 30, 2011. This deadline is extended only to those who identify as "qualified service members" which are typically those who are members of: the uniformed services of the U.S. military, Foreign Service of the U.S., or an employee of the intelligence community.

One may ask the reasoning behind the extension for those in the Armed Services and it's a pretty simple one. Those who are a part of the armed services may have missed out on the tax credit due to being overseas serving our country.

In addition, another modification for those in the Armed Services include the waiving of the repayment of the tax credit if one moves out of their home within three years due to government order extended duty service. For those consumers who are not involved with the Armed Services, if a tax credit has been received and one decides to move out within three years, the tax credit would have to be repaid.