Special Rules for Members of the Military, the Foreign Service and the Intelligence Community
Congress has acknowledged the unique circumstances affecting members of the military, the foreign service and the intelligence community by making the following exceptions that apply to both the $8,000 tax credit for first-time home buyers and the $6,500 tax credit for repeat home buyers:
Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2011.
Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home until April 30, 2011.
Who Qualifies for the Extended Credit?
Service members who are ordered on a period of official extended duty, these dates are extended for one year.
A person who is forced to return to the U.S. for medical reasons before completing an assignment of at least 90 days of qualified official extended duty outside of the United States may qualify for the one-year extension.
Official extended duty” means any period of extended duty outside of the United States for at least 90 days during the period beginning after December 31, 2008 and ending before May 1, 2010
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