California "New Home" Buyer Tax Credit

On February 20th, 2009 the State of California passed a new budget which amends the State Tax Code to include a $10,000 tax credit for the purchase of a "New Home".

A new home is simply one that has never been lived in before and certified by the builder/seller as such.

With no first time homebuyer or income restrictions this tax credit is a welcome incentive to California home buyers and to those that also qualify for the Federal Tax Credit brings the total incentive for buying a home in the next year to $18,000!

There are still details coming out about how to claim this credit so subscribe to this channel to be alerted when updates are posted

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Education

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• $10000
• new
• home
• tax
• credit
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• of
• california
• homebuyer