The Federal Tax Credits Blog

Posts Tagged ‘irs 8000 tax credit home buyers’

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Question: Do you have to pay back the $8000 first time home buyer tax credit?

Do you have to pay back the $8000 first time home buyer tax credit? i know you have to stay in the house for 3 years, but i got different answers about if i have to pay it back in 15 years on never have to pay back. i just need to know if its a yes or no. Thanks guys

Answer: This is a USA question.

Which year did you buy the house?

For 2008, the maximum credit was $7500 and it was to be paid back over 15 years, starting in 2010.

For 2009, the maximum credit is $8000 and if you lived in the house 36 months, wasn’t to be paid back.

Research Reports on Williams-Sonoma and Pier 1 Imports — the Sweet & Sour From Home Furnishing Stores

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New tax credit good news for first-time home buyers.(Business)(Taxpayers may be eligible for up to $8,000 that does not have to be paid back): An article from: The Register-Guard (Eugene, OR) $9.95 This digital document is an article from The Register-Guard (Eugene, OR), published by The Register Guard on February 26, 2009. The length of the article is 655 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: New tax credit good ne…

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