Tax Credits!!
Created: 7/27/2009
Tax Credits!!
California State Credit
Last updated: 06/27/2009
We will update this information frequently. Please check this page often.
The state has filled their tax credit allocation at this point. They may vote to allocate additional monies to this program. We will keep you updated.
Federal Tax Credit
President Obama Signs Legislation that Extends and Revises Temporary Tax Credit
On February 17, 2009, President Obama signed into law legislation that revises the temporary tax credit included in The Home Recovery Act of2008 – H.R. 3221, Section 36. These revisions increase the maximum tax credit and extend the time frame for homebuyers to purchase a home. First-time home buyers who purchase a home between January 1 and December 1, 2009, may qualify for up to an $8,000 tax credit that does not have to be paid back as long as you own the home for three years. For further information, Contact a Tax professional.