California Tax Credit for New Home Purchase

If you don’t already know, California is offering up to $10,000 in tax credit for qualified buyers on or after March 1, 2009 and before March 1, 2010, can purchase a principal home that has never been occupied.  The buyer must live in the new home a minimum of two years immediately following the purchase date.

Applications will be reviewed and credit allocations will be made on a first-come, first-serve basis. Once $100,000,000 has been allocated, the tax credit will no longer be available. Please check the website below for updates on the allocated and remaining credits available.

Don’t miss out before the program money runs out!

For more info, visit: http://www.ftb.ca.gov/individuals/New_Home_Credit.shtml