Just read an article about the 1st time home buyer tax credit for Californians. Just when you think things are going your way…..
“The $100 million allocated for California’s first-time tax credits may be depleted in about 10 to 20 days or sooner, according to C.A.R.’s Economics team. California’s Franchise Tax Board (FTB) plans to begin accepting applications on May 1, 2010 for tax credits up to $10,000 for first-time home buyers and for homes that have never been previously occupied. However, the total tax credit allocation for all taxpayers is $100 million for first-time home buyers and $100 million for new homes, both on a first-come, first-served basis.”
So, if you are trying to utilize this in conjunction with the federal tax credit, HURRY UP AND WRITE AN OFFER!
Tags: california tax credit, first time homebuyer, tax credit for first time homebuyers