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CA $10000 Credit

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firstimerr Joined: 29 Jul 2009 Posts: 13 0.08 Dollars($)	Posted: Wed Jul 29, 2009 8:29 pm    Post subject: CA $10000 Credit Like 0 Dislike 0 Any details on the CA $10000/- tax credit for purchasing new home Is this offered by CA or any other state is also offering this Do you need to be residnet of the state already or any one is eligible? I do not pay taxes in CA.
Realgeni Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)	Posted: Wed Jul 29, 2009 8:33 pm    Post subject: Like 0 Dislike 0 firstimerr Thats correct CA is offering $10000 tax credit for purchasing any new house. But it also requires you to live in the house for 3 years. If you are from some other state, you will need to move to CA to take advantage of this Not sure if any other states are offfering this Good luck and feel free to ask
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Thu Jul 30, 2009 7:06 am    Post subject: Like 0 Dislike 0 i believe that the district of columbia also offers a first-time homebuyer credit. what a buyer must keep in mind is that one cannot "double dip." what i mean by that is that if you take advantage of the state credit, you will not be able to also take advantage of the federal credit. it's one or the other and not both. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044
firstimerr Joined: 29 Jul 2009 Posts: 13 0.08 Dollars($)	Posted: Thu Jul 30, 2009 8:59 am    Post subject: Like 0 Dislike 0 Thank you both Thats very interesting about your comment You cannot double dip. Is there a reason behind it Thank you
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Thu Jul 30, 2009 9:01 am    Post subject: Like 0 Dislike 0 it's how the plan was set up - can't give you chapter and verse as to why, though. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044
helpplease02 Joined: 26 Jul 2009 Posts: 19 0.00 Dollars($)	Posted: Thu Jul 30, 2009 9:05 am    Post subject: Like 0 Dislike 0 Good topic of discussion I learnt soemthgin new today. Do you knwo how much tax credit is offered in "district of columbia " Thanks
homeowner2010 Joined: 25 Jul 2009 Posts: 20 0.04 Dollars($)	Posted: Thu Jul 30, 2009 9:08 am    Post subject: Like 0 Dislike 0 Why cannot thay offer the same for current hoem owners who are under water?
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Thu Jul 30, 2009 9:08 am    Post subject: Like 0 Dislike 0 that is a whole 'nother topic - call your legislator. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044
homeowner2010 Joined: 25 Jul 2009 Posts: 20 0.04 Dollars($)	Posted: Thu Jul 30, 2009 9:11 am    Post subject: Like 0 Dislike 0 This is reall not fair! I am for sure calling my "legislator" I also pay taxes like other guy who is a new buyer!

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