california real estate: Last Chance for up to $18,000!
- 03/31/10 05:23 AM
The window of opportunity is closing for Californians looking to take advantage of up to $18,000 in tax credits. Here is how it breaks down: The federal government is chipping in the follwng funds: First time home buyers can receive a tax credit of up to $8,000 IF they are in escrow by April 30, 2010 and close no later than June 30, 2010. If the home buyer is NOT a first-time buyer, they can still receive a tax credit of up to $6,500. And the wonderful state of California is giving an incentive to ALL buyers who purchase homes that have never … (2 comments)
As many people are now aware, there is an $8,000 tax credit for first time buyers, thanks to the "stimulus" package that was recently signed.
In addition to this however, the state of California is also offering a $10,000 tax credit to people buying new construction homes. There is a healthy amount of paperwork to fill out, and "standard operating procedures" have yet to be established, so the best bet is to apply early before the money runs out.
The window of opportunity is closing for Californians looking to take advantage of up to $18,000 in tax credits. Here is how it breaks down:
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