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 Is the 1st Time Home Buyers Tax Credit over? For most buyers who were not under contract prior to the cutoff date yes; but for some military and federal employees serving outside the United States there is an extension until April 30, 2011 to be under contract and June 30.2011 to close on the transaction.  Hey don’t take my word for it, see what the Internal Revenue Service (IRS) has to say.  Some moving to the US Army’s Rivanna Station with National Ground Intelligence Center (NGIC) or Defence Intelligence Agency (DIA) in Albemarle County, Virginia, may qualify for the the tax credit.   If you think you may qualify, let’s talk since there are some great homes for sale at great interest rates in the current market.