House Passes Legislation Extending FTHB Tax Credit for Veterans

There has been some confusion about the First Time Home Buyer's Tax Credit for Veterans. I hope this will clear any confusion up!
HR 3590 will allow eligible military personnel, foreigh service and intelligence officers to apply for $8000 tax credit for ONE YEAR BEYOND ITS CURRENT NOVEMBER 30 deadline. Those meeting the underlying requirements for the credit must also be serving overseas or have spend at least 90 days deployed outside of the country during the current calendar year. It is expected that about 350,000 military personnel and an unknown number of federal employees may be affected by the law. The bill, introduced by Representative Charles Rangel (D-NY) because it was thought that families serving overseas were being passed over for the one-time opportunity to purchase a home.