Help for Repaying Home Buyer Tax Credit

The IRS yesterday released a tool to help consumers who used the home buyer tax credit in 2008, 2009, or 2010 and have to pay it back in installments. Buyers who used the credit in 2008 have to pay it back because for that first year of the program the credit was structured as a no-interest loan. Buyers who used it in 2009 or 2010 only have to pay it back if they sold their home within three years of using the credit. The tool is intended to make it easier for taxpayers to gather up the information they need to include the repayment in their tax filing.

Help for Repaying Home Buyer Tax Credit.

IRS site: http://www.irs.gov/newsroom/article/0,,id=253206,00.html

Until next time have a good week, Joe

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About Jconowitch

I have spent 35 + years in Stevens County enjoying the many surrounding recreational areas while camping, canoeing, hiking and backpacking. I am married to my highschool sweetheart with 2 children, 5 awesome grandkids. I have been actively involved working with many organizations to help children and adults throughout the area, as well as starting the Stevens County Scale Model club with a good friend for all ages to enjoy. If you want to live and raise your family in a fantastic area, this is among the best, and I am here to help you make your dreams a reality!
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One Response to Help for Repaying Home Buyer Tax Credit

  1. Jconowitch says:

    Thanks for clicking the like button Aaron DB Savage…. I appreciate you checking out my blog!

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