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

10,474 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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Bought overpriced crappy home for $135K in 2008. The same house will not sell for $99K in 2015. I can't sell it so I'm renting it out at a loss. Now that I moved to a nicer neighborhood, the IRS wants a lump sum of $4,500; All because I chose not to short sell or let the bank foreclose. Thanks Uncle Sam.
this is not fair..when it was a matter of a few months that it did not have to be repaid..and we had no way of knowing i could of easily just waited for a few more months and then bought my home...this is definately not fair
I purchased my home in December 2008. I now have a loan that I am required to pay back, but if I would have waited 2 weeks, I would not have this loan and received $8000.This should have been forgiven when the law changed for the current home-buyers starting in 2009. The remaining tax loan needs to be excused.