CNN Money Reports: 950,000 must repay Homebuyer tax credit

Homebuyer tax credit: 950,000 must repay


By Les Christie, staff writerSeptember 9, 2010: 2:40 PM ET

NEW YORK (CNNMoney.com) -- Nearly half of all Americans who claimed the first-time homebuyer tax credit on their 2009 tax returns will have to repay the government.
According to a report from the Inspector General for Tax Administration, released to the public Thursday, about 950,000 of the nearly 1.8 million Americans who claimed the tax credit on their 2009 tax returns will have to return the money.  CLICK HERE FOR FULL ARTICLE