Federal Tax Credit

The state of California has extended and improved the $10,000 tax credit for home buyers in California.  The old tax credit used to only be for brand new built homes, now the tax credit includes ALL first time home buyers buying ANY type of primary residence, brand new or resale.   This is wonderful news those who first time home buyers [...]

As mentioned in earlier posts, the $8,000 federal tax credit was extended to April 2010.    This can enable you to get $8,000 back from the IRS for buying a home and $6,500 if you are a move up buyer.  Here are some important additional facts about the tax credit: 1.  You must buy – or [...]