Is the $8,000 tax credit going to help you out? Find out on today's podcast  if it will and we give details on California's new home tax credit.
$8,000 tax credit details:
Must be a 1st time homebuyer, haven't owned a home in the prior 3 years
Must live in house 3 years, or you must pay it back
Dollar for Dollar tax credit on income tax owed
Eligible on homes purchased between Jan 1, 2009 and December 1, 2009
Tax credit is 10% of value of home purchased or $8,000, whichever is less
If you have any questions you would like us to answer on our show, please call our listener line at 714-519-7833 or email mortgagepodcast@gmail.com.
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