Jeff’s Carlsbad Blog for First Time Home Buyers


Yet Another Tax Credit

Posted in Financial,Taxes by Jeff Dowler on March 6, 2009
Tags: , , , ,

Tax credits are popping up left and right.

moneysign2

First there is the $8,000 tax credit for first time home buyers that arose out of Obama’s stimulus plan. Good news for some buyers in today’s market.

Now California is providing a tax credit for buyers (first timers or anyone else) of up to $10,000. The requirements are:

  • you must buy a home on or after March 1, 2009 and before March 1, 2010
  • the home MUST be your primary residence
  • the home must never have been occupied (new construction)

This credit program is being run by the State of California Franchise Tax Board, and credits will be allocated on a first come first serve basis until the total monies ($100,000,000) are used up.

Read more on the Franchise Tax Board website.

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If I can provide more information about Carlsbad and surrounding areas, or the housing market in general, or otherwise assist you in your home search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.

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All content copyright © 2009 Jeff Dowler

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