California homebuyers have a small window of opportunity to capture up to $18,000 in combined State and Federal tax breaks. To qualify for the federal incentive, contracts must be inked by April 30th, while closings need to happen by June 30th. The California credit covers closings on existing and new homes on or after May 1st. Here is a link to an informative chart put together by C.A.R. which explains the rules and requirements for both the state and federal tax credits: http://www.car.org/legal/legal-questions-answers/2010-qa/homebuyer-tax-credit-2010/?redirectFrom=login.
Mary Anne Lodato: (805)235-3795
The Keith Byrd Team’s San Luis Obispo and Avila Beach Expert