Does the Original $7,500 Tax Credit Still Have to Be Repaid?

One of the leading questions to emerge about the $8,000 tax credit in the final stimulus bill is whether those who applied for the original $7,500 tax credit last year will get the benefits of the new legislation. Of relatively minor importance is the $500 difference between the two. What really matters is that the $7,500 credit has to be paid back over the next 15 years; the $8,000 never has to be repaid.

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