Tax Credit facts
Californians have a small window of opportunity to receive up to $18,000 in combined State and Federal Homebuyer Tax Credits. Contracts must be inked by April 30, 2010 and closed by June 30, 2010 in order to take advantage of the Federal and California Home Buyer Tax Credits Available.
Here is some key information everyone should know about this new TAX credit. It’s important to note that there are some differences compared to the Federal home buyer tax credit. These tax credits are available for taxpayers who purchase a qualified principal residence.
Lets look at the new homes for Sale in Cordova & Trellis community of Windingwalk located in Eastlake Chula Vista. It appears that brand new home buyers in Chula Vista are not paying any closing costs for the time being.
If you missed your chance to reap the benefits of the first-time homebuyer tax credit this past year, you will get one more shot. The Senate passed a bill on Thursday 98 to 0 that will extend the original first time homebuyer tax credit for another seven months and expand the bill to benefit some current homeowners looking to buy a new home.