Mar 5, 2009 . Does the job change qualifies as an valid exception. . In other words, you are not entitled to the tax credit if you are now . . you don't have to pay back the $8000 credit if selling before the three years is up? .

The Tax Credit has to be repaid without interest in equal installments each year for . There are a number of exceptions that apply to the repayment rule. . a First-Time Home-Buyer and claimed the up to $8000 Tax Credit from the IRS. .

Apr 26, 2011 . Am I going to have to give the $8000 back? How does this work? . Additionally, if you sell the home you have to pay back the credit. . There are some exceptions to the requirement to repay the credit immediately on .

Jan 19, 2010 . There are a few exceptions to the repayment requirement. It's waived in the case of death, for example, or if the . . Do I qualify for the first time home buyers tax credit? . . does the irs issue a check for the $8000 .

There are exceptions to the accelerated repayment rule which are listed below. . .. This new deadline applies to both the $8000 tax credit for first-time . . on my 2008 tax return the $7500 tax credit that I have to pay back. .

In addition, the credit-repayment exceptions in the first version of the credit also . I received the latter tax credit of $8000 for my home purchase. .

Do I have to repay the $8000 tax credit if I sell my home? If you purchased the home in 2009 or 2010 and sell it within a 36 month period from the date of .

Jun 4, 2009 . Will I have to pay back the 8000 credit? Yes/No. # Shane Ostrom, CFP® on 17 Apr 2010 at 5:38 pm. Linda and Ralph… - the $6500 tax credit for .

Do You Have to Pay Back the Homebuyer Tax Credit?. In 2009 and 2010, the Internal Revenue Service (IRS) approved a tax credit worth $8000 just for .

Jan 6, 2010 . Getting Your $8000 Tax Credit- What You Need To Know . but there are exceptions for military and some Federal employees. .

Would I have to pay back the $8000 home buyer tax credit if. ? . elsewhere is the one exception that is allowed to avoid repaying the credit, however, .

5 answers - May 6, 2010Got my $8000 tax credit right after and used the money to repair the . Since $36000 is more than $8000, you must pay back the full $8000. .

Sep 24, 2009 . Payback time for homebuyer tax credit . the credit as additional tax when you file your next tax return (although there are a few exceptions). . That's right, even though the $8000 credit applies to a 2009 purchase, .

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Apr 25, 2010 . A tax credit of up to $8000 is now available for qualified first-time . will require a full payback with only a few allowable exceptions. .

Dec 13, 2010 . Home Buyer Payback of Tax Credit – 2009 & 2010 Home Buyer Credits. During 2009 and 2010, a maximum of $8000 and $6500 in home buyer tax credits was offered to first time home . Home Buyer Credit Payback Exceptions .

Mar 9, 2009 . The $8000 credit replaces the $7500 tax rebate program that was . There are a few notable exceptions to the repayment rules, however. .

This revised $8000 tax credit applies to purchases on or after January 1, 2009 and before December . . you are required to pay back the full amount of any credit, . A few exceptions apply. (See below, #24). Note that this same 3-year .

Feb 1, 2011. for repayment of $8000 first time homebuyer's tax credit if he is on . Is there an exception to this??? If so please provide your sourse. . Repaying the Credit Q. When must I pay back the credit for the home I .

You will be required to pay back the full credit over 15 years or when you sell . Please be aware that there may be repayment exceptions for the $8000 tax .

$8000 for homes bought in 2009 and 2010 ($4000 each for married filing . . If the tax credit is for a home you bought in 2008, you must pay back the credit .

May 4, 2011 . Question by military man: is there any exception to the rule for deployed veterans for the 8000 tax credit that expires in nov? for us .

Oct 28, 2010 . In addition, the credit repayment exceptions listed for the first version of the credit . How the $8000 Tax Credit Cost Home Buyers $15000 .

If I claim my 2009 $8000 credit on my 2008 tax return, will I have to repay the . A few exceptions apply. (See below, #24). Note that this same 3-year .

There are further exceptions to the pay back rule in the event of the death . I qualify for the full $8000 tax credit, but I don't even owe that much on .

This revised $8000 tax credit applies to purchases on or after January 1, 2009 and before December . . you are required to pay back the full amount of any credit, . A few exceptions apply. (See below, #24). Note that this same 3-year .

The $8000 tax credit is for first-time homebuyers only. For the tax credit program, the IRS defines a first-time homebuyer as someone who has not owned a .

Feb 25, 2011 . The $8000 tax credit is for first-time homebuyers only. .

Aug 19, 2008 . In 2008, I purchased my first house I received the 7500 tax credit. Can I amended my 08 Return and refile for the 8000 credit to cover the .

EXTENDED AND EXPANED on November 8, 2009 - Home Buyer Tax Credit of 2010 . exceptions that apply to both the $8000 tax credit for first-time home buyers .

Information on the $8000 tax credit available here! . There are exceptions to the accelerated repayment rule which are listed below. Exceptions: .

Jul 2, 2009 . 8000 tax credit - do you have to own or reside for 3 yrs? ie can U rent . Exceptions. The following are exceptions to the repayment rule. .

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Feb 16, 2009 . The new bill provides for a $8000 tax credit that would be . are there exceptions for cases like mine to the 3-year live-in minimum? .

Feb 6, 2011 . Will I have to pay back the $8000 tax credit? . There are some exceptions. If you sell the home, you must repay the tax credit .

Payback Provisions. The tax credit is a true credit. . A refundable credit means that if you pay less than $8000 in federal income taxes, then the .

Nov 6, 2009 . A. The first-time homebuyer credit is a tax credit for .

Feb 7, 2011 . As a result, the new tax credit works like an interest-free loan. . Initial Credit = $7500 (limited to the lower of $8000 (10% of Purchase . Exceptions to recapture – In the case of a sale of the principal residence .

Jan 22, 2009 . I took advantage of the 2009 $8000 tax credit. . . There should be an exception to the accelerated repayment if a new home is purchased. .

2 posts - 2 authors - Last post: Jan 19We ammended my taxes and received the $8000 credit in my name. $4000 of that was used to pay back her parents for helping with closing costs. . Is there some kind of exception I can file for to not pay it back? .

Jul 22, 2009 . Are there repayment options for paying back the $8000 tax credit since . Is there any exceptions to the payback in this kind of situation? .

8 posts - 6 authors - Last post: Feb 42009 and received the $8000 first time home buyer credit with the stipulation I . Keeping the house is not enough to keep the tax credit. . That being said, an exception would be made if you were a military spouse .

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Feb 3, 2011 . Will I have to pay back the $8000 tax credit? A When you bought your home in 2009, . There are some exceptions, but they are limited. .

The $8000 tax credit for first time home buyers has really sparked a lot of . dollar tax, credit payback, payback exceptions, first time, time home, .

Aug 7, 2008 . For example: say I claim $8000 on my taxes for child care I only get a . .. do you mean 500$ will be deducted or pay back on filing tax return? . .. for the credit allowable by this section, the exception provided by .

Nov 13, 2009 . Did you know that you have to pay back the homebuyer tax credit if you . Note that there are no exceptions for military personnel who are deployed and . . from original purchase date after getting the 8000 tax credit? .

Jan 18, 2011 . We bought a home last year and claimed the 8000 tax credit. . Exceptions. The following are exceptions to the repayment rule. .

We bought a home last year and claimed the 8000 tax credit. Due to work .

Feb 17, 2009 . The recently-signed stimulus package includes an $8000 incentive for eligible home buyers. . While the proposed $15000 home-buyer tax credit died in . ( Exceptions will be made in certain cases, such as death or divorce.) . Housing Market Gets Tax Credit Payback · Obama Housing Rescue: Hardly .

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