Tip of the Day 9 Easy Mistakes Homeowners Make on Their - TopicsExpress

Tip of the Day 9 Easy Mistakes Homeowners Make on Their Taxes Sin #5: Failing to repay the first-time homebuyer tax credit If you used the original homebuyer tax credit in 2008, you must repay 1/15th of the credit over 15 years. If you used the tax credit in 2009 or 2010 and then within 36 months you sold your house or stopped using it as your primary residence, you also have to pay back the credit. The IRS has a tool you can use to help figure out what you owe. Read more: houselogic/home-advice/taxes-incentives/common-tax-mistakes/#ixzz3OSMiksGv Follow us: @HouseLogic on Twitter | HouseLogic on Facebook

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