PETITION - 7500.00 TAX CREDIT- NOT TO BE REPAID TO IRS
Public Comments (4,503)
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Dec 23rd, 2010Someone from Schenectady, NY signed.
Dec 22nd, 2010Someone from Allendale, MI signed.
Dec 22nd, 2010Someone from Grand Rapids, MI signed.
Dec 22nd, 2010Someone from Montrose, CO writes:
I purchased in 08 AND WAS TOLD THIS WAS A CREDIT NOT A LOAN. If I had known that this was an interest free loan for 15 years I would have refused to take it. And then to have the government slap me in the face months later with new home owners not having to repay a credit that was 500 dollars more.Dec 21st, 2010Someone from Murrieta, CA signed.
Dec 20th, 2010Someone from Fort Morgan, CO signed.
Dec 20th, 2010Someone from Algona, IA signed.
Dec 20th, 2010Someone from Hamilton, OH writes:
I feel like I am being punished for buying my house too early. Now I have to start repaying my credit back. Come on Congress do something for us for once!!REPORT COMMENTS
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No, CancelDec 20th, 2010Someone from Marshall, MO writes:
This is discrimination why does one American have to pay the "credit" back while others don't!!!!!!!!!!!REPORT COMMENTS
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No, CancelDec 20th, 2010Someone from Gilbert, AZ signed.
Dec 20th, 2010Someone from Gilbert, AZ signed.
Dec 20th, 2010Someone from Scottsdale, AZ signed.
Dec 19th, 2010Someone from Gulf Breeze, FL writes:
I just found out that this had to be repaid, I always assumed it was a "credit" since that is what they called it. This could be devestating to this economy right now if you have struggling homeowners being forced to pay the $500.REPORT COMMENTS
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No, CancelDec 19th, 2010Someone from Suffolk, VA signed.
Dec 19th, 2010Someone from San Diego, CA writes:
When the tax bill was signed it was made retractive to the beginning of the year instead of April 08. Therefore, it was unfairly made retroactive. If the new tax credit would have taken effect on the actual date of signing (instead of making it partially retroactive), I may not have been as upset. The tax is unfairly distributed. Please look at this law again and eliminate the repayment requirement for the April 2008-Dec. 2008 time frame or only allow those to take the $8000 dollar credit for those that closed the day the bill was signed instead of making it retroactive to the beginning of the year. That would be the only way to make it fair. Taxes should not be unfair.REPORT COMMENTS
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No, CancelDec 19th, 2010Someone from Phoenix, AZ signed.
Dec 19th, 2010Someone from Mesa, AZ signed.
Dec 19th, 2010Someone from Mesa, AZ signed.
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No, CancelDec 17th, 2010Someone from Charlottesville, VA writes:
waited a year hoping for an amendment, but finally filed an amended return for the credit to help with home repairs, etc. makes no sense purchasers in 2009, claiming the credit do NOT have to repay it!REPORT COMMENTS
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No, CancelDec 16th, 2010Someone from Austin, AR signed.
Dec 15th, 2010Someone from Louisburg, NC writes:
WE WERE THE FIRST ONES TO TAKE THE RISKY PLUNGE OF BUYING A HOME DURING THE CRISIS. I THINK THEY NEED TO ADD THIS TO THE NEW 2011 TAX CUT PLAN - THE $7500 SHOULD BE CHANGED A TRUE CREDIT; NOT A LOAN.REPORT COMMENTS
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No, CancelDec 15th, 2010Someone from Fishers, IN writes:
With my company cutting pay and the economy how it is, it would be a huge help if we were waived the repayment of the First Time Homebuyer 'interest free loan'.REPORT COMMENTS
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No, CancelDec 15th, 2010Someone from West Frankfort, IL signed.
Dec 14th, 2010Someone from Raleigh, NC signed.
Dec 14th, 2010Someone from West Chicago, IL writes:
It is terrible the 2008 first homebuyer tax credit must be repaid. Great way to take advantage of first time homebuyers. My realtor used the tax credit to her advantage saying oh you will get a tax credit of $7500, never mentioning it must be repaid. This added to the pressure of my purchase in 2008. It is not fair that the rules changed in 2009 and that a few months makes a difference whether the credit needs to be repaid. If 2009 buyers do not have to repay, neither should 2008 buyers especially as our houses values dropped much more than those that bought in 2009.. Calling something a credit is misleading if it needs to be paid back. I cannot think of any other credit by the IRS that needs to be paid back. If I knew the credit was not really a credit in 2008, it would have contributed more realistically on my decision to buy. The government and realtors duped people into buying in 2008 with hyped up talk of this phony credit. They suck! I think this was Misleading and Unfair practice by everyone involved. The 2008 ?tax credit? was not a tax credit. It was a loan and should have been called that from the start. The IRS and realtors shouted tax credit but kept the repayment part hush-hush until 2009. Calling something a credit implies non-repayment.REPORT COMMENTS
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No, CancelDec 13th, 2010Someone from Franklin, OH signed.
Dec 11th, 2010Someone from Maricopa, AZ signed.
Dec 10th, 2010Someone from Philadelphia, PA writes:
This is an unfair tax credit. I feel like everyone who bought a house from April to December 2008 was absolutely taken advantage of when the purchasing of their homes was keeping the economy alive!REPORT COMMENTS
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No, CancelDec 10th, 2010Someone from Vineland, NJ writes:
This is definitely NOT FAIR. Why couldn't they adjust it for everyone?REPORT COMMENTS
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No, CancelDec 10th, 2010Someone from Union City, TN signed.
Dec 9th, 2010Someone from Fremont, CA signed.
Dec 9th, 2010Someone from Fremont, CA signed.
Dec 9th, 2010Someone from Mooresville, NC writes:
Maybe they should give a 2011 tax credit to help us pay off our 2008 tax credit.REPORT COMMENTS
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No, CancelDec 7th, 2010Someone from Federal Way, WA signed.
Dec 7th, 2010Someone from Conway, SC signed.
Dec 7th, 2010Someone from Schiller Park, IL signed.
Dec 7th, 2010Someone from Mooresville, NC writes:
I have a full time job 40 hours a week plus have to put in freelance work on weekends to still live pay check to pay check. I didn't know I had to pay the $7,500 tax credit at the time I got it. How can you write off the class of 09' and make the '08 class of first time home buyers re pay. PLEASE.REPORT COMMENTS
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