$10,000 CA Tax Credit
May 2, 2010 by Gary Harmon · Leave a Comment
The State of California has passed a new credit for qualified first-time home buyers who buy a qualified principal residence from May 1, 2010 through the end of the year. This would apply to almost all San Diego North County homes for sale. Escondido homes or Encinitas homes can be mobile homes, manufactured homes, attached […]
New California First-Time Homebuyer Tax Credit
April 6, 2010 by Gary Harmon · Leave a Comment
With the Federal Tax Credit expiring on April 30, 2010, Governor Schwarzenegger saves the day by signing AB 183 into law. The new first-time homebuyer tax credit becomes effetive on May 1, 2010. It will be on a first come, first serve basis and when the $200 million runs out the credit is over. Unlike […]
Tax Credit vs. Tax Deduction
December 8, 2009 by Gary Harmon · Leave a Comment
Most Escondido home buyers are aware of the first-time home buyer tax credit. Current owners of Escondido real estate are aware of the $6,500 tax credit. But are these real credits or are they tax deductions. They are real credits. The importance of the tax credit is that it is a dollar-for-dollar tax reduction. For example, […]
$6,500 Tax Credit
December 6, 2009 by Gary Harmon · 1 Comment
Everyone knows about the $8,000 tax credit for first-time Escondido home buyers, but what is the $6,500 tax credit? The $6,500 tax credit is for current Escondido home owners. The purchase must be a new primary residence. To be eligible you must purchase your Escondido home between November 6, 2009 and April 30, 2010. Your […]
First-time Home Buyer Tax Credit, See Video!
November 19, 2009 by Gary Harmon · 1 Comment
First-Time Home Buyer Tax Credit has been Extended! What are the Main Terms of the Tax Credit? Escondido real estate before May 1 and close before July 1, 2010. Escondido homes must be purchased by a First-Time Home Buyer. The maximum credit is $8,000 or 10% of the Escondido Real Estate, whichever is less. Escondido first-time buyers who […]
