Jan 6, 2010 . Getting Your $8000 Tax Credit- What You Need To Know . but there are exceptions for military and some Federal employees. According to the IRS;. "In many cases, the credit repayment (recapture) requirement is waived for .

2 posts - 2 authors - Last post: Mar 28I'm trying to figure out of I have to repay the $8000 tax credit if I . Exceptions. The following are exceptions to the repayment rule. .

Default $8000 First time home buyer Tax credit: Need help! .

If I claim my 2009 $8000 credit on my 2008 tax return, will I have to repay the credit just as the 2008 credits are repaid? .

Is a first-time homebuyer required to repay the $8000 tax credit? . A With certain exceptions, a first-time homebuyer may receive a 10% tax credit not to .

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In many cases, the credit repayment (recapture) requirement is waived for members of the . The $8000 tax credit is for first-time homebuyers only. .

If I claim my 2009 $8000 credit on my 2008 tax return, will I have to repay the credit just as the 2008 credits are repaid? .

This revised $8000 tax credit applies to purchases on or after January 1, . The 2008 $7500, repayable credit is increased to $8000 and the repayment feature is . . A few exceptions apply. (See below, #24). Note that this same 3-year .

Feb 6, 2011 . There are some exceptions. If you sell the home, you must repay the tax credit proportional to the amount of profit on the sale. . and must get rid of it, or you die, you wouldn't have to repay the $8000 tax credit. .

You take the full credit in either 2008 or 2009, and then repay the credit . exceptions that apply to both the $8000 tax credit for first-time home buyers .

Apr 26, 2011 . There are some exceptions to the requirement to repay the credit immediately on your next tax return: • If the spouse of a deceased .

. exceptions that apply to both the $8000 tax credit for first-time home . The only repayment requirement is if the homeowner sells the home within .

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

Tax Credits -- The Basics. 1. What's this new homebuyer tax incentive for 2009? The 2008 $7500, repayable credit is increased to $8000 and the repayment .

5 answers - May 6, 2010Got my $8000 tax credit right after and used the money to repair the . home and don't realize $8000 in gain the repayment is limited to .

Feb 1, 2011 . So the question is, are we still going to be responsible for repayment of $8000 first time homebuyer's tax credit if he is on the assignment .

What's this new homebuyer tax incentive for 2009? The 2008 $7500, repayable credit is increased to $8000 and the repayment feature is eliminated for 2009 .

Mar 5, 2009 . You repay the credit by including it as additional tax on the return . work ( Iam a stay at home mom) will we qualify for the $8000 credit? .

Do I have to Repay the $8000 Tax Credit if I Sell My Home? JUL. 20. Do I have to Repay the $8000 Tax . Following are the exceptions to the repayment rule: .

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

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? .

Sep 24, 2009 . If you bought your house in 2008, then you got the $7500 tax credit, and you will have to repay it. Sorry, but you can't get the $8000 .

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

Mar 9, 2009 . Is a first-time homebuyer required to repay the $8000 tax credit? . exceptions , a first-time homebuyer may receive a 10% tax credit not to .

When might I have to repay the credit? If you received the $8000 tax credit for a home purchased . There are a few exceptions to this rule, listed below. .

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 .

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Aug 19, 2008 . Update 2/12: The $15000 provision has been replaced by an $8000 . Tax Credit Loan Repayment Terms. The tax credit isn't really a tax .

Jul 22, 2009 . Exceptions. The following are exceptions to the repayment rule. . . Are there repayment options for paying back the $8000 tax credit since .

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

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Apr 25, 2010 . A tax credit of up to $8000 is now available for qualified . There are a few notable exceptions to the repayment rules, however. .

Please be aware that there may be repayment exceptions for the $7500 tax credit that are not detailed in this report. 2009 $8000 Tax Credit .

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 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 .

Jul 23, 2009 . Do I Have to Repay The $8000 Tax Credit? Homes purchased in 2008. . Exceptions . The following are exceptions to the repayment rule. .

Jun 4, 2009 . If we rent instead of sell or while the home is for sale will we have to repay the 8000 tax credit back? # Kristi on 08 Sep 2010 at 5:54 pm .

Jul 23, 2009 . Do I Have to Repay The $8000 Tax Credit? Homes purchased in .

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. .

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

Feb 7, 2011 . You take the full credit on your 2008 return, and then repay the credit . Initial Credit = $7500 (limited to the lower of $8000 (10% of Purchase . Exceptions to recapture – In the case of a sale of the principal .

Feb 3, 2011 . Will I have to pay back the $8000 tax credit? . There are some exceptions, but they are limited. If you sell your home, you are required to repay the tax credit based on the amount of profit you make on the sale of the .

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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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. .

Additional information on the homebuyer tax credit and repayment requirements is . . This new deadline applies to both the $8000 tax credit for first-time homebuyers and the . Certain exceptions apply. The $7500 tax credit that is .

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 .

The $8000 tax credit for first time home buyers has really sparked a lot of questions . I know there is no repayment requirement for the $8000 credit. . dollar tax, credit payback, payback exceptions, first time, time home, happens, .

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? .

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