The Federal Tax Credits Blog

Question: California Tax Credit for New Home Purchase?

We are looking a buying a new home that would qualify for the $10000 tax credit but the home is now bank owned. Can the bank fill out the first part of the form that the builder normally would fill out to certify that the house has never been occupied or would it no longer qualify for the credit?

Answer: Try these links for more info. Start with the Federal credits

http://www.irs.gov/newsroom/article/0,,id=206291,00.html

Here’s a good summary

http://www.hawaiihome.biz/2009/05/first-time-homebuyer-tax-credit-faqs/

http://www.hawaiihome.biz/2009/05/first-time-home-buyers-tax-credit-2009/

Email me if you have questions.

Want your $8,000 homebuyer tax credit? Better rush

DES MOINES, Iowa — There is a potential to save thousands of dollars but time is running out. If you’re thinking of taking advantage of the government’s homebuyer tax credits you must have a contract to purchase a home by the end of this month. First time homebuyers can get a credit of up to $8,000.

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