Home Buying in 93230>Question Details

Unknown, Home Buyer in Hanford, CA

i closed on my first home on april 16 2010 and i know i qualify for the federal tax credit of 8000.00 . Do i qualify for the state tax of 10000.00

Asked by Unknown, Hanford, CA Fri Apr 16, 2010

for first time home buyers ? thank you

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Answers

5
Here is a link to the governments website that will outline the criteria to let you know if you qualify for the tax credit. I am from out of state so I cannot comment on the $10000 state tax you are asking about!
1 vote Thank Flag Link Sat Apr 17, 2010
With respect to the tax credit--Consult with your tax professional for qualifying codes. See links for additional information.
http://www.irs.gov/newsroom/article/0,,id=206293,00.html
http://www.ftb.ca.gov/individuals/New_Home_Credit.shtml
1 vote Thank Flag Link Sat Apr 17, 2010
to the date of Aug, 19, 2010, I understand the tax credit reservations are full and limited to new homes only and that is ify.
0 votes Thank Flag Link Tue Aug 31, 2010
The home that you bought back in April was it new construction or a home that has not been occupied at all. If so you my qualify for the State money.
0 votes Thank Flag Link Wed Jun 30, 2010
Consult with your person that prepares your taxes. Below is a link to state of california link about the tax credit. I think it will be helpful.

http://www.ftb.ca.gov/individuals/New_Home_Credit.shtml
0 votes Thank Flag Link Sat Jun 26, 2010
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