Don't miss out, there is a small window of opportunity of roughly one month to take advantage of the combined home buyers tax credit. In order to take advantage of both the federal and state tax credits, a first-time homebuyer must enter into a purchase contract for a principal residence before May 1, 2010, and close escrow between May 1, 2010 and June 30, 2010, inclusive. Buyers who are not first-time homebuyers may use the same timeframes to receive up to $16,500 in combined tax credits if they are long-time residents of their existing homes as permitted under federal law, and they purchase properties that have never been previously occupied as provided under California law. For more information on how to take advantage of the combined tax credit feel free to contact the Boyenga team or your local tax advisor.
To find more about this wonderful opportunity please visit these websites:
Good Luck, and Happy House Hunting!
Eric & Janelle Boyenga
SILICON VALLEY SPECIALISTS