Vets have another Year to Earn The First Time Tax ... VA Tax Credit extended for Military and foreign service Vets have another Year to Earn The First Time Tax Credit Some members of the military, intelligence commuity, and foreign services still have until April 30th 2011 to take advantage of the Home Buyers Tax Credits Service members who were on official extended duty outside the US for at least 90 days between Jan 1, 2009 and April 30, 2010 may qualify for the one-year extension. Buyers must be under contract by April 30, 2011 and close by June 30, 2011. Max credit for first time home buyers remains at $8,000.00 Mas credit for repeat buyers remains at $6,500.00 Military buyers may combine the tax credit with their VA loan benefits.
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