Up to $18,000 in tax credits available for First Time Homebuyers Until March 2010! You don't need to be a first time buyer to get a $10,000 credit in California... New $10,000 Tax Credit for New Home Buyers in California California lawmakers approved a new budget that included a $10,000 tax credit for home buyers, the largest home-buyer incentive ever offered in US history to date. Here's what you need to know. The $10,000 tax credit is for any home buyers that purchase a new home between March 1, 2009 and March 1, 2010. This is NOT limited to first-time buyers; There is NO income limitation; and most importantly You do NOT have to pay it back, as long as you remain in the home for 2 years. The bill, however, only set aside $100 million for this tax credit, so after 10,000 new homes are...
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