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

9,814 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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If we would have waited 3 months to purchase our home, we wouldn't have to repay the tax credit. The tax credit rules should have stayed consistent or allowed the people who purchased in 2007 to be forgiven as well.
Any first-time homebuyer "credits" issued by the federal government during the Great Recession should be treated equally. Those who benefited in 2009 and later also benefited from reduced values on homes and don't have to pay back a larger credit. Not very fair.
I am not expecting that the taxes I have already paid be returned but too would appreciate this being reconsidered. This may effect my ability to move from my current home and further stimulate the economy.
I hope this petition passes its not fair that we have to pay back a loan because we purchased a home in 2008 while prices for homes were through the roof mean while after 2009 when prices for homes dropped home buyers got a great price on homes and a free gift from the government.
We closed on our house Dec. 31st 2008. You're telling me that because of one day I can't sell my house to buy a new one because $5,500 of a down payment has to be repaid. All for 1 day.
Unfair tax credit! Please reconsider the 2008 credit not having to be paid, but keep the payments we already submitted.
I am still upside down 5 years later.