For Buyers

 Additional Great News for Military and Certain other Federal Employees

*       Members of the military and certain other federal employees serving
outside the U.S. have an extra year to buy a principal residence in the U.S.
and qualify for the credit. Thus, an eligible taxpayer must buy, or enter
into a binding contract to buy, a principal residence on or before April 30,
2011. If a binding contract is entered into by that date, the taxpayer has
until June 30, 2011, to close on the purchase. Members of the uniformed
services, members of the Foreign Service and employees of the intelligence
community are eligible for this special rule. It applies to any individual
(and, if married, the individual's spouse) who serves on qualified official
extended duty service outside of the United States for at least 90 days
during the period beginning after Dec. 31, 2008, and ending before May 1,
2010.

*       In many cases, the credit repayment (recapture) requirement is
waived for members of the uniformed services, members of the Foreign Service
and employees of the intelligence community. This relief applies where a
home is sold or stops being the taxpayer's principal residence after Dec.
31, 2008, in connection with government orders received by the individual
(or the individual's spouse) for qualified official extended duty service.
The credit is still allowable even if this happens during the year of
purchase. Qualified official extended duty is any period of extended duty
while serving at a place of duty at least 50 miles away from the taxpayer's
principal residence (whether inside or outside the U.S.) or while residing
under government orders in government quarters. Extended duty is defined as
any period of duty pursuant to a call or order to such duty for a period in
excess of 90 days or for an indefinite period.