Ridgecrest Realty

Builder

California Tax Credit

	$100,000,000 in Tax Credits Available for New Homes in California! California New Home Buyer Tax Credit Summary*
	· Tax Credit is available to buyers who purchase a new home for use as their principal residence for at least two years. · The maximum tax credit amount is $10,000. · $100,000,000 in tax credits available for new homes. When the $100,000,000 runs out, this opportunity is gone! · The credit is available for new homes that close escrow on or after May 1, 2010 and before August 1, 2011 (as long as a binding contract is signed by December 31, 2010). · There are no income limitations. · There are no first-time home buyer requirements to receive the new home tax credit.
When combined with the Federal First-Time Home Buyer Tax Credit of up to $8,000, eligible new home buyers in California can receive UP TO $18,000 in tax credits!
	Not all buyers will qualify. The requirements for qualifying for the California Tax Credit and the Federal Tax Credit are NOT the same.