We Realtors have been waiting to see if this program would be continued in some form and here it is...for some.  All qualified Armed Services Members can buy a home for another year until April 30, 2011 and receive up to $8000 in a tax credit on their federal income tax return (use special form IRS Form 5405).

To qualify, all the same rules apply ie must not have owned a home for the past 3 years and income limits.  But, there is one important difference.  The rule to repay the credit if they move out before living in the place for 3 years has been modified.  That contingency can be waived if the move is due to an order of extended duty.

This seems very fair since many vets may not have been able to purchase a home in the past year in they were posted overseas.  And mostly, we want the members of the Ohio Army and Air National Guards to come home safely.