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Will the $8,000 First-Time Home Buyer Tax Credit Expand to $15,000?

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I purchase my 1st home on december 15, 2010. I was suppose to close on Oct. of 2010, but somehow things got messy with the bank that I was trying to get the loan from, so I missed the deadline. I hope Obama extend the 1st time homebuyer again until Jan. 1st 2011.

Helpless of NC 8:56PM December 29, 2010

We recently purchased our first home excited to use the credit to make some updates to our home, but did not know until we filed our taxes that if you bought it from a relative you don't qualify. We purchased the house from my parents...we were hoping they would have changed that stipulation in the updated bill.

Kalei Moss of HI 8:20PM July 18, 2010

My husband and I purchased a home near the end of October 2009 and we did not qualify for any home buyer tax credit because it dated it went into effect was Nov 6th or the 9th. This was our second home purchase, we sold our first home in 2008. So we missed the credit altogether. I think the credit should be expanded to any purchases in 2009 as well.

Teresa of PA 10:28AM April 19, 2010

I purchased my first house September 1 2009, i made 111,000.00 i thought i would qualify for the credit now i was told by my C.P.A i should have waited to close on it till November 7??????? Why? I feel this is not fair!!!!!!!

cesar of CA 11:20PM April 05, 2010

www.taxcreditproblem.com . I filed an amended 2008 return and I am STILL WAITING! I borrowed against the credit for my down payment. Now I have trouble.

Greg Tooke of VT 4:49PM January 18, 2010

Is there any talk of or consideration of changing the 2008 tax credit to not having to repay?? We should get a petition or something going, totally unfair

Ryan of CA 9:52PM January 11, 2010

I think the expanding of the first time home buyer tax credit is great! just like the cash for clonker deal this pass summer.
The insentive of 15,000 is highly attractive and would motivate alot of people that is sitting on the side lines waiting for things to get better, here is a way young familes starting out can help themself while giving the economy a well needed energy boost. Their are millions of houses now on the morket and owned by bank just sitting their I am sure all these bank would rather be getting a margage payment than to be sitting on income deficient houseing.

d williams of NY 7:18AM December 31, 2009

I think the expanding of the first time home buyer tax credit is great! just like the cash for clonker deal this pass summer.
the insentive of 15,000 is highly attractive and would motivate alot of people that is sitting on the side lines waiting for things to get better, here is a way young familes starting out can help themself while giving the economy a well needed energy boost. Their are millions of houses now on the morket and owned by bank just sitting their I am sure all these bank would rather be getting a margage payment than to be sitting on income deficient houseing.

d williams of NY 7:14AM December 31, 2009

Normally, I am a person that doesn't complain. However, I have to agree with the post above in ref. to the repayment of the loan from 2008 verses the loan in 2009 doesn't have to be repaid. Indeed, I am grateful that I was blessed to purchase a home and was able to qualify for the loan, yet I would like to 'not' have that $500 hanging over my head for the next 15 yrs.

sbconcerns.... of MS 2:50PM December 28, 2009

For those of us who bought a house in 2008 and received the 7,500 credit, we still have to repay the loan amount over the next fifteen years. Those who bought a house in 2009 received 8,000 and don't have to repay any of the money. I would of thought that someone who of changed it to where we don't have to repay the money any more. I mean we already received 500 less then the 1st time home buyers in 2009, and we still have to repay the loan and they don't have to pay anything. I just don't understand how that is fare...1st time home buyer 2008!

Audrey Matte of TX 4:54PM December 22, 2009