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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.

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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4,490 Public Comments So Far

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18 hours ago
Jerri L. from Iowa City, IA signed.
18 hours ago
Dana J. from Iowa City, IA signed.
1 day ago
Ashley A. from Sanford, NC writes:
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This is not fair. I cannot believe they haven't changed this since then. Tell me how they can justify having the 2008 tax credit be paid back but not the latters? They should have changed the rules on the 2008 tax credit to match that of the 2009 tax credit.
1 day ago
Sam F. from Santa Monica, CA writes:
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Not fair when just a few months later, a larger loan was granted that doesn't have to be paid back.
2 days ago
bobby c. from Loma Linda, CA signed.
2 days ago
Roni P. from Riverbank, CA writes:
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This needs to be reversed, it makes absolutely no sense that people like us who bought homes in 2008 have to repay the credit while others do not!!
2 days ago
Someone from Vero Beach, FL writes:
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Great injustice
3 days ago
Kelly M. from Sutton, WV writes:
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We should not be punished because we bought a home a year before. Not only do they not have to pay it back, they got $500 more. We have paid $3500 of this back already. The rest needs to be forgiven.
4 days ago
Someone from Chiloquin, OR writes:
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2008 penalties needs to be amended to eliminate the tax repayment plan from April 1st 2008 to December 31st 2008 for first-time home buyers to equalize the SAME as after January 1st 2009 repayment plan- which exempt homeowners from punitive 2008 fees.
6 days ago
Someone from Harpers Ferry, WV writes:
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I have an underwater home that I have to rent because I couldn't sell it. My family needed a larger home and needed to change school districts. I don't' think we should have to pay this back on a home I am going to lose money on. Completely, that people later got more money and don't have to pay back!