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Old 01-29-2009, 09:30 PM
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Join Date: Jan 2009
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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.



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