Taxpayers who purchased a home in 2008 and received the first-time home buyer tax credit must (with a few limited exceptions) pay the credit back to the government in subsequent years.

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Taxpayers who received the first-time home buyer tax credit in 2008 must pay it back to the government over 15 years, starting with their 2010 tax return. There are a few limited exceptions to this repayment requirement.

Taxpayers Who Purchased a Home in 2008 and Received the First-Time