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Home » HD Forums » Forums » Open Topic Forum » Goverment Wants Money
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DavidMale Offline
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Post Icon Posted: Sep. 14 2010,5:11 pm Post # 1 see this member send this member a private message  quote this post in reply
FEATURED POST
Nearly 1 million homebuyers must pay back tax credit
Those who purchased their home in 2008 yet claimed the credit in 2009 only qualified for a no-interest loan.
Posted by Mai Ling at MSN Real Estate on Tuesday, September 14, 2010 12:12 PM
In the past two years, the homebuyer tax credit has helped persuade millions of families to take the plunge and buy a home.



Too bad about half of those who claimed the credit in 2009 are going to have to pay it back.



The Inspector General for Tax Administration (pdf) reports that of the 1.8 million taxpayers who claimed the tax credit in 2009, more than 950,000 of them will have to pay back their share of the $12.5 million doled out that calendar year.

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Post Icon Posted: Sep. 15 2010,6:10 am Post # 2 see this member send this member a private message  quote this post in reply
Yet another black-eye for the gubberment!!  :rolleyes  :beat

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Post Icon Posted: Sep. 15 2010,9:46 am Post # 3 see this member send this member a private message  quote this post in reply
Apparently someone forgot to read the fine print......... :rolleyes

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