Federal & State Tax Credits
No tax credits are available at this time.
Up to $8,000 Federal Tax Credit:
- Available for first-time buyers who on or after January 1, 2009 and before April 30, 2010, purchase a qualified residence.
- The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8,000.
- Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
- More information can be found here, here, here and here.
California State Tax Credit:
- There no longer appears to be any available funds for the California new home buyer tax credit. Check the official website for updated information.
Rivendale Homes, Inc. is providing the information on this web site for general guidance only. The information on this site does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind nor should it be construed as such. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action on this information, you should consult a qualified professional adviser to whom you have provided all of the facts applicable to your particular situation or question. None of the tax information on this web site is intended to be used nor can it be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.