Changes to the First time homebuyers credit Greetings,
Newbie, so be gentle. So I qualified for the first time homebuyer tax "credit" after purchasing a home in august of 2008. I can opt in for the credit but have to repay the loan over ten years. I have just read that a similar tax credit as part of President Obama's stimulus plan except the new credit would not have to be payed back. Should I wait to file and see if I qualify under the new credit? Or do I have no chance and missed out on not having to pay this thing back.
PS I realize that a tax free loan isn't without value. Just making sure I making financially responsible decisions. |