Jeff’s Carlsbad Blog for First Time Home Buyers

NEW Tax Credits for California Homebuyers

Posted in Financial,Taxes,What do I Buy? by Jeff Dowler on March 26, 2010
Tags: , , ,

Here is some great news if you are planning on buying a home, or thinking about it.

New legislation signed yesterday by the Governor approved new state tax credits for:

  • First Time Home Buyers

  • Buyers of NEW homes (i.e., new construction or never occupied before)

The NEW TAX CREDIT is up to $10,000. And if you time it right you COULD receive up to $18,000 (provided you meet all the qualifications) if combined with the current federal program that is ending soon. You would need to CLOSE on your new home ON or AFTER May 1, 2010 and ON or BEFORE June 30, 2010.

Let me know if you have questions or need help making your home buying dream a reality! It’s important to also consult a tax professional to see if you qualify and what the tax implications might be. The credit for Californians is paid out over 3 years.

READ MORE: California Home Buyers – New Tax Credits Coming Your Way

Search for Homes Community Information First Time Home Buyers Relocation Services and more How to get in touch with me

All content copyright © 2010 Jeff Dowler “The California Relocation Dude”


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