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

10,026 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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Its just not fair and equal to everyone
Wow! What is the difference?
Not fair. Missed by a few months...
Not fair. It's that simple
Not fair. It's that simple
We bought signed on our home December 24, 2008. 7 days before the 2009 credit. We were foreclosed on in 2013 and now the government wants the balance of $5500 back NOW!
I closed on my home in October excited about the home credit moved in early November. The new year rolled around only to find out that everyone from now on get $500 more and don't have to pay it back. We are being punished for buying a home in the middle of the Great Recession! This is totally unfair!
i purchased in july 2008 and have paid every year since. I have had medical setbacks, lost my job and can no longer work. I receive social security an live below poverty level and receive no govt aid. I am trying to hang on for housing to go up so i can sell as market crashed deeper after i purchased. I really hoped this would be my last home and dont want to leave this debt to my children and grandchildren. They are struggling to climb out of the recession and survive lifes obsticles. No parent wants to burden their children.
Like many others, I rushed to close on my home before Dec 31, 2008. Only to find out someone who closed on their home a day later wouldn't have to repay the $7500. Congress should eliminate the requirement to payback the tax credit for everyone beginning April 2008.
It is very upsetting that I still own this home but decided to move closer to my job. We are renting this house out and losing money every month. We are trying to do the right thing but now we are having to pay everything back because we didn't let the house go into foreclosure but made it a rental property. We should still be able to continue paying $500 a year as long as we OWN the home. So disappointing.