Homebuyer Tax Credit Chart

 

For California homebuyers, tax time is now tax relief time too. Thanks to two recent laws, a California homebuyer may qualify for $18,000 in tax credits for buying his or her piece of the American dream.  The two tax credits are a first-time homebuyer credit up to $8,000 under federal law, and a new home credit up to $10,000 under California law.  Here’s a quick summary of the two tax credit laws:

Homebuyer Tax Credit Chart