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

10,342 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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3 months made all the difference!! If anyone purchased a home 1 January 2009 they we given $8000 without having to repay!!! Should make it right by all those who received the $7500 in 2008 and let the remaining balance be forgiven as well!!
This is why many of us look upon the IRS with a preplexed mind, scratching our heads. Who came up with this ideal? I bet that person doesn't work there anymore...
it should be fair for all
please make this fair for all home buyers. We are all struggling.
I bought my home in April 2008. Very unfair to extend it to 2009 and others don't have to repay the debt! Although the housing market was declining, everything else has skyrocketed except for my wages. Very thankful to have a job but I haven't had a raise in 5 years!