PETITION - 7500.00 TAX CREDIT- NOT TO BE REPAID TO IRS
7,922 Letters and Emails Sent So Far
If you were a first time homebuyer and bought a house between April 2008 and December 31, 2008, you were entitled to receive a $7,500 tax credit that MUST BE REPAID over a period of 15 years.
If you were a first time homebuyer bought a house on January 1, 2009 through Dec. 31, 2009 you were eligible for an $8,000 tax credit that DOES NOT HAVE TO BE REPAID.
This is NOT FAIR. We need to get congress to eliminate the requirement that the 2008 tax credit must be repaid.
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Its not fair that we have to repay the credit but the other home buyer credits you don't have to pay back
It is really unfair that a huge part of the population who needed assistance in purchasing a home must pay back $7,500, when just a few months later we could have avoided the payback. And many, many homeowners get to keep the entire amount and not pay it back. It should have been made retroactive.
Really is sad how this played out. They make it like it was a perfect opportunity in 2008, then decide the 2009 + ers just don't have to repay. Unbelievable.
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