Friday, February 20, 2009

New Tax Credits Announced

NEW FEDERAL TAX CREDIT
See below for exciting news from http://www.federalhousingtaxcredit.com/:

"A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid."

This is REAL money! Take advantage today

NEW STATE TAX CREDIT
In addition to the Federal Tax Credit, our state of California is also providing a tax break for those that purchase a NEWLY CONSTRUCTED, PREVIOUSLY UNOCCUPIED HOME

From the California Building Industry Association's website: http://tinyurl.com/bam3m8

"The Assembly passed SB 15XX by Sen. Roy Ashburn, R-Bakersfield, which establishes a tax credit of $10,000 or 5 percent of the purchase price of a newly built home sold between March 1 of this year and March 2010, or when funding is exhausted, whichever comes first."

New home prices have been cut nearly in half, interest rates are at their lowest levels in years, and the government has stepped up with REAL tax credits!

NOW IS THE TIME TO BUY