Federal Tax Credit:
$8,000
One time credit
New or used
Primary residence only, closed 1/1 to 12/1
Income limits single up to $75,000 and married couple up to $150,000
California State Tax Credit:
$10,000 ($3,333 per year for 3 years)
New home purchase only
Primary residence only closed 3/1/09 to 3/1/10
No income limits
