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Homeowner Tax Home owner tax issues and rebates.

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Old 01-20-2010, 08:35 PM
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Tax Credit - Already have $7,500 but eligable for $8,000 or am I?

Bought my home in January and took out the $7,500 tax credit.

Come to find out, I fit into the $8,000 as well.

What options, if any, do I have?

I would at very least like to not OWE the $7,500 credit and have the $8,000 cancel it out. But I read a blog stating I might be screwed?

Best case, taking out the $8,000 and still having the pay the $7,500 (over 15 years @ $500) would be nice.

But I have no clue if either of these options are available, or if the blogger is right and because I took out the $7,500 before the $8,000 bill passed i cant take out the $8,000 and must repay the $7,500?

Does anyone know?

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