(Aug 6th) From the Franchise Tax Board’s Website – California 1st time home buyers are being notified that the hundred million dollars allocated for tax credits is most likely already exhausted. The plan was to accept some 28,000 applications before the cutoff. There been over 31,000 applications submitted and the Franchise Tax Board has determined […]
Are Tax Credits Luring Simi Valley Home Buyers in a Cash for Clunkers Scheme?
Federal and California tax credits were created to lure home buyers into the market. Simi Valley home buyers have a small window of opportunity to take advantage of both tax credits and double-dip the system. The federal first-time home buyer tax credit of $8000 is set to expire April 30. More specifically, home buyers qualify […]
Simi Valley Home Buyers – Tax Credit Waiting for Obama
That’s right Simi Valley home buyers, the tax credit is waiting for Obama’s signature. The tax credit legislation passed the House today in a 403 to 12 vote. The Senate vote was 98 to zero. This time around there a few additions, these are pointed out in my video blog below. One thing I did […]
Update on Extending the First Time Home Buyers Tax Credit
Update on Extending the First Time Home Buyers Tax Credit The First Time Home Buyers Tax Credit is set to expire on November 30th. The reality of this deadline means that the buyers out now need to get a home in escrow by the 20th of October. The Thanksgiving Holiday will add days to any […]
1st Time Home Buyer Tax Credits Explained for Simi Valley Home Buyers
1st Time Home Buyer Tax Credits Explained for Simi Valley Home Buyers The Details are out!!! 1. There are income limitations for the purchasers, $75,000 for an individual or $150,000 for a couple. Partial credits may be available if you exceed the maximum income limits. 2. The Tax credit is for 10% of the home’s value, […]
