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New Home Buyer Tax Credit Coming To California?

There likely will soon be a tax credit of 5% of the purchase price not to exceed $10,000 for home buyers in the state of California. To qualify you must be a first time home buyer of a new OR existing home and the sale must occur between May 1, 2010 and December 31, 2010.

The bill received wide support on all sides and is expected to be signed by Governor Schwarzenegger.

Posted Tuesday Mar 23