Do we qualify for the 10,000 CA tax Credit?
We put in an offer for a new costruction and it was accepted. My husband is in the military so he is excempt from paying CA taxes. I have been living in CA since 2003 and have a CA drivers License. I dont work so I dont pay taxes in CA. Since this is our first home and is a new construction my question is would we qualify for the CA tax credit and what do I need to do to get it?
HI Karla, I am in the same boat and I asked the same question. I called the hotline taxes and I was told yes as long as you are paying on taxes on the house you would qualify. I hope that is true. Did you find out anything? If you dont mind me asking, which builder are you using? Do you plan to stay in Ca after your husband retire or get out? These are questions we are dealing with right now.
Thanks
Alicia
Here's the link to the California State website explaining the credit...
http://www.ftb.ca.gov/individuals/New_Home_Credit.shtml
Hope it helps!!!
Sincerely,
Richard Greenwood, MBA, GRI, ePRO, Realtor
http://HiddenMarketRealty.com
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