PETITION - 7500.00 TAX CREDIT- NOT TO BE REPAID TO IRS

9,910 Letters 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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This happened to our young grandson which is totally unfair. If he had just waited a few months to buy his first home he would not have to pay the $7500 tax credit back. He and his wife are wanting to move to a different part of the country and will have to pay the remaining amount owed which will be very difficult for them.
Just two years after purchasing my first home in 2008, I was unexpectedly laid off from my government job. Now my home is in foreclosure. Being released from this re-payment would help.
this is unfair that i have to pay this back when others who waited to buy a home did not...be american an do all for others that you do for one
I purchased my home on 12/30/2008....Had I waited 2 days, I wouldn't be paying this tax credit back at all! SO UNFAIR!
Bought my home in 2008, it is now worth 60,000 - 70,000 less than what i owe.