Tax Policy Center

amended tax returns

Federal Budget and Economy: TaxVox
Taxpayers who took the 2008 tax credit for new homebuyers were unhappy when Congress made the credit much more generous in 2009 . People who bought homes in 2008 have to repay the $7,500 credit over 15 years. Those who bought in 2009 or 2010 don’t have to pay their credits back. It turns out that
July 29, 2011Roberton C. Williams