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1st time homebuyer tax credit
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EJCLJ01
LIF Infant
Member since 8/08 213 total posts
Name:
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1st time homebuyer tax credit
Does anyone have any information or know where to find info about this.
We bought a house last year 08 and received the 1st time homebuyer credit this year which is basically a no interest loan from the govt.
I heard though under the new plans it does not need to be repaid. Anyone know if it is true.
I seen a another article which says only the homebuyers in 2009 will receive the non-refundable one and anyone before will still have to repay.
Thats alittle unfair
Thanks
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Posted 3/8/09 4:22 PM  |
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Erica
LIF Adult
Member since 5/05 11767 total posts
Name:
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Re: 1st time homebuyer tax credit
those who bought in 2008 have to repay the 7500. those who bought/buy in 2009 don'thave to pay back the 8000
not sure on the exact dates for each though
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| Posted 3/8/09 4:56 PM |
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Cheeks24
Living a dream
Member since 1/08 8589 total posts
Name:
Cheeks
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Re: 1st time homebuyer tax credit
Definitely unfair!
I did read that those that bought in 2009 get a higher credit like $15000.
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| Posted 3/8/09 10:40 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: 1st time homebuyer tax credit
Posted by Mici C
Definitely unfair!
I did read that those that bought in 2009 get a higher credit like $15000.
I believe that got knocked down to $8000
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| Posted 3/8/09 11:39 PM |
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Ian&EmmesMommy23
My family is complete!
Member since 11/08 12970 total posts
Name:
Diana
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Re: 1st time homebuyer tax credit
i was mad at first that the 2009 homeowners don't have to pay it back, but then you have to be thankful that 2008 homeowners get it at all. i feel bad for the earlier homeowners.
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| Posted 3/9/09 8:45 AM |
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