Homebuyer Credit Extended for Military

The U.S. House of Representatives has unanimously passed a bill that extends and enhances the $8,000 first-time home buyer tax credit for military families. Foreign service officers and members of the military as well as the intelligence community serving away from home in 2009 would have an additional year, to December 2010, to take advantage of the incentive. The measure, which has not yet moved through the Senate, also waives the repayment requirements for service members who are required to move or sell their homes because of government orders.

From “Homebuyer Credit Extended for Military” Clarksville (Tenn.) Leaf-Chronicle (10/09/09) Smith, Chris

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