House Extends Tax Credit to Active Military for One More Year

An extension, which applies to military personnel who spent at least 90 days of the current calendar year oversees, was passed unanimously by the House of Representatives.  The extension also was approved for foreign service and intelligence officers.  HR 3590 extends the existing tax credit to this group until November 30th, 2010.

 The bill now goes to the Senate, and is expected to pass with the same ease. 

The bill was introduced by Rep. Charles Rangel (D-NY) because it was thought that military personnel serving oversees this year did not have the same opportunity to take advantage of the tax credit.

Read more at... http://www.mortgagenewsdaily.com/10132009_house_passes_legislation_extending_fthb_tax_credit_for_veterans.asp