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

11,336 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.

Enter Your Name and Submit to Sign

don't show my name
Add your public comments (optional):
View activity report
People signing this petition:     Browse all signers
2008 was a riskier time to purchase when job loss was greater and home finance rates were highest. It simply is not right that the same benefit was not offered in 2008 as 2009 to not have to repay the loan. I have worked the same nonprofit job with no wage increase since I purchased my home yet taxes, insurane, all costs of living continues to increase. I need help and the cancelation of this loan would be a fair and great help.
If they allow other people to get a higher tax credit and not re-pay, we shouldn't have to re-pay either!
IF I PURCHASED MY HOUSE 1 DAY LATER (PURCHASED ON 12/31/08) I WOULDN'T HAVE TO PAY BACK, RIDICULOUS!
Totally ridiculous that we have to repay the full 'credit' due to renting out my home for a job relocation. Even more ridiculous that we owe the credit at all, while our fellow taxpayers aren't required to repay. Repeal this rule.
Plain and simple, This is not fair. I dont understand HOW this could happen and still be an issue. We should not have to re-pay this. We are hard working people that deserve the same break home owners got not even 6 months later. Please fix this :(
My husband and I are hard working people. We bought our first home and were not properly informed about the first time buyer loan. It is extremely unfair that buyers the following year are not obligated to repay the "tax credit". We want to sell our first home and we will be punished for it.
This has been an issue that I've been angry about for a long time. Every year since 2010, I am paying $500 at tax time to satisfy the repayment terms on this $7,500 "interest-free loan." Yet, people who purchased a house a few months after I did, walked free with an $8,000 gift. Totally ridiculous. This really needs to be fixed. I have been in my home for 8 years now and still owe over $4,000 on this. If I were to sell, a sizeable portion of any realized profit would go to repay this "credit." Laughable!
Not fair only 2008 has to repay and 2009 up doesn't!
I think it was inherently unfair to the people in 2008. I was pushed to buy in 2008 vs 2009 by lender. I understand this was submitted and added to another bill to doom it.