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

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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. <br />
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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.<br />
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This is NOT FAIR. We need to get congress to eliminate the requirement that the 2008 tax credit must be repaid.<br />
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Public Comments (4,488)
8 hours ago
Someone from College Station, TX writes:
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At this point, we have repaid over half, and it would be more helpful to keep that money within the economy. Let the money be spent to improve the economy which is a partial reason it was conceived in the first place.
Oct 17th, 2017
Rose C. from Clinton, MD signed.
Oct 17th, 2017
Someone from Knoxville, TN writes:
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Had we been informed of the change to go into effect 3 months later, we would have waited. How can this be OK to hold us to a credit we have to pay back when it was a free credit that was issued immediately after this that ran for 2 years?
Oct 17th, 2017
Someone from Carefree, AZ writes:
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Completely unfair. 2008 credit receivers should have been grandafathered in under the new rules. How can you call it a "Credit" when it has to be paid back?! More like a 15 year LOAN.
Oct 16th, 2017
Someone from Spring Hill, TN writes:
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$7500 mistake. Wish my loan wouldn’t have gone thru for a few more days so I could have been included in first time homebuyers of 2009, and would have been given $8,000!!!! Not only was I upside down with my house once the effects of the market crash took place for several years, but repaying this loan is hurting my struggling family. PLEASE revise as it’s a hardship and is unfair.
Oct 14th, 2017
Someone from Fresno, CA writes:
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please repeal they repayment this is no fair
Sep 22nd, 2017
Someone from Baltimore, MD signed.
Sep 3rd, 2017
Someone from San Antonio, TX writes:
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We shouldn't have to re paid this tax rebate, because we helped the economy during this time. If we would it known we would it purchase our home in 2009.
Sep 3rd, 2017
Maria M. from San Antonio, TX writes:
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We shouldn't have to re paid this tax rebate, because we helped the economy during this time. If we would it known we would it purchase our home in 2009.
Aug 31st, 2017
Jessica S. from Bloomington, IL writes:
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Please consider are revising the need to repay the 2008 homebuyer credit. My family has been trying to sell and buy a more accommodating home but the need to repay the leftover credit is haltering our ability to do so.
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