The state of California is offering it’s own tax credit for home buyers. This will be IN ADDITION to the $8,000 federal tax credit being offered and explained in an article on this web site. The details are still not totally clear as the state Franchise Board will be coming out with complete details soon. [...]
February 2009
With President Obama signing the stimulus package yesterday, there is a brand new version of the tax credit for home buyers. You can of course get this credit when using your VA eligibility to buy a home. Here are some highlights: #1 – you no longer have to pay back this tax credit if you [...]
The U.S. Government wants to encourage Americans to be homeowners. A big part of it’s encouragement is in the form of a very generous income tax write-off to Americans who own their own homes. Many people who are renters overlook this big advantage of home ownership and don’t realize they would pay considerably less federal income taxes [...]
