California bill would extend tax credit on new homes

A popular state tax credit of up to $10,000 that helped sell hundreds of new houses throughout the Sacramento region earlier this year appears to be coming back.

A plan to extend the state tax credit to another 4,285 buyers of new, unoccupied homes in California – possibly as many as 500 in the capital area – is expected to receive a vote in the Legislature by Friday’s end of the session.

The buyer tax credit began March 1 and unexpectedly sold out by July 2 as many first-time California buyers combined... Read more

Article from RISMedia.com:
Could New Stimulus Plan Actually Cost You Money?

Posted By Paige On April 20, 2009 @ 3:57 pm In Today’s Marketplace, Today’s Top Story - Consumer | Comments Disabled

[1]RISMEDIA, April 21, 2009-(MCT)-Wage earners beware: One of the federal government’s new tax breaks, designed to put more take-home pay in your wallet now, may take a bite out of your wallet next spring. Under certain conditions, the extra cash you’ve started seeing in your paychecks could shrink your refund or boost the size of the check you have to write when you fi... Read more