Do 2008 purchasers still have to repay their tax credit?
Yes. The $7,500 tax credit in 2008 was more like an interest free loan. All eligible purchasers who claimed the 2008 credit will still be required to pay it over 15 years, starting with their 2010 tax return.

Posted By: Brian D. Lytle, Esq. on Sunday, February 06, 2011