California New Home Purchase Tax Credit...going, going...almost gone...

In a press release, the California Franchise Tax Board stated that almost all of the California New Home Purchase Tax Credit has been allocated already. There was a limited amount of money available for this tax credit, and it was available for new construction purchases by first time buyers in California between March 1, 2009 - February 28, 2010. We are only 4.5 months in...

THIS IS NOT TO BE CONFUSED WITH THE FEDERAL TAX CREDIT! The federal tax credit of up to $8,000 is still available to those who qualify and purchase their home prior to December 1, 2009.