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When I heard the news this week that California new home buyers may receive a $10,000 tax credit, it sounded almost too good to be true. In some ways it is. Some web sites are giving out wrong information to consumers, leading California buyers to believe that they can receive an $8,000 tax credit on the federal level for being a first-time home buyer on top of a $10,000 credit on the state level, equaling a whopping $18,000 tax credit for this year. It doesn't work that way.