PETITION - 7500.00 TAX CREDIT- NOT TO BE REPAID TO IRS
5,846 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 just because the difference in years that some should pay and some should not, make us all repay or none at all.
Closed on 11/21/2008. Wouldnt have done so IF i would have been aware of a BBD later on. This is total crap. Either all repays or nobody repays. Fair is fair
either both years should repay or neither year should
I will not pay this back. I got the credit in 2008 when I bought my house and thought it unfair once I saw how those who bought in 2009 and later got more and didn't have the penalty. So I AM NOT PAYING THIS BACK! My taxes will be done without this showing and I could care less. I have never been audited and will not play into their game. It comes down to the IRS ineptness in checking EVERY RETURN and luck of the draw yes, but watch me get away with this - they can not get us all and I know of 2 neighbors who have yet to pay it back - last year or this year on their taxes. FIGHT THE INJUSTICE!
I dont think its fair that we have to pay back but not anyone that got the 8000. I want to move but cant because I dont want to have to pay back in full within the 1st 5 years. have 2 years to stay here in order to move. NOT FAIR AT ALL!!!!!
We rushed to get our closing date before the end of the year because we were told the credit was only for homebuyers who purchase before 31Dec2008. Well we closed on our home on 31 DEC 2008!! If we had waited ONE DAY we would have not only gotten a bigger credit, but I wouldn't have to pay it back. HOW is this even remotely fair????
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