California Wants to Get In On the Action!

by on August 3, 2009

California has gotten into the stimulus business, too!

If you purchase a new home before February 28th, 2010 you can get a $10,000 tax credit towards state income taxes!

You do not have to be a first time home buyer to take advantage of this program. You just need to purchase a home that has never been lived in before.

Just like the federal program, this must be your principal residence. The credit is based on 5% of the purchase price, so if the subject property is $200,000 or more you would qualify for the maximum tax credit with this program.

Both the federal and state programs can be used at the same time. If you are a first time home buyer and you want to purchase a new home in California, you could get a combined tax credit of $18,000! Not a bad deal!

Call me today to start your search!

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  • http://mariosoftwareprograms.blogspot.com/2009/08/stimulus-program.html Mario Software Programs

    i know my cousin qualify for a 10 thousand dollar check for buying a home in pheonix around 100 thousand dolor house but he a first home buyer and it was a hud home also he gets his stimulus for 8000 thousands so yeah i think it’s a good deal indeed i love it lol

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