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

7,500 tax credit must be repaid where 8,000 tax credit does not, we need to get congress to change the law

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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