Are you eligible for $18,000 in tax credits available to California homebuyers?
The $8,000 Federal tax credit is available to first-time homebuyers and is subject to certain income limits.
See the IRS's Questions & Answers about whether you're eligible for the $8,000 first-time buyers credit.
The $10,000 California credit is for previously unoccupied properties -- and is intended for any buyer -- but the funding has a $100 million cap.
Read about the California $10,000 Tax Credit.
Update July 4, 2009: As of July 9, 2009, the Franchise Tax Board will no longer be accepting applications for the credit. Over 12,000 applications have been received to date.
Check out this matrix for a simple explanation of the tax credit programs. [CAR]
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