$18,000 in Combined Homebuyer Tax Credit for a limited Time
$18,000 in Combined Homebuyer Tax Credit for a limited Time
California Association of Realtors (CAR) just releases this good news for first-time homebuyer:
Californians have a brief window of opportunity to receive up to $18,000 in combined federal and state homebuyer tax credits. To take advantage of both 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.
Under the federal law slated to soon expire, a first-time homebuyer may receive up to $8,000 in tax credits, and a long-time resident may receive up to $6,500, for certain purchase contracts entered into by April 30, 2010 that close escrow by June 30, 2010. Additionally, under a newly enacted California law, a homebuyer may receive up to $10,000 in tax credits as a first-time homebuyer or buyer of a property that has never been occupied. The new California law applies to certain purchases that close escrow on or after May 1, 2010 (see Cal. Rev. & Tax Code section 17059.1(a)(4)). California law generally allows buyers of never-occupied properties to reserve their credits before closing escrow, but buyers seeking to combine the federal and state tax credits will not be able to satisfy the timing requirements for such reservations (see Cal. Rev. & Tax Code section 17059.1(c)(1)(A)). Other terms and restrictions apply to both tax credits.
This is truly great news for first time homebuyer. This generous tax credit combined with low interest rate & low home prices will help put families in their first home. For more questions, you can email Ann at anguyen@dicksonrealty.com
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Arts For the Schools, Truckee CA
Arts For the Schools in Truckee CA is a community based non profit organization founded by Terry Yagura in 1984. It was formed with the purpose of raising funds to bring professional artists to the students and community at large. Over the past 25 years, students and adults in the Tahoe Truckee Incline Village areas have benefited from performances of both local & world renown artists. Arts For the School has been instrumental in providing students with hands-on experience and interaction with these professional artists.
Recent performances include Alpin Hong, a classical pianist with stunning techniques and rare humor & Falla Guitar Trio, a top guitar ensemble with a repertoire ranging from classical pieces to original work and improvised jazz.
Most recently Arts For the School invited Judson Laipply who is famous for creating the YouTube video “Evolution of the Dance”, one of the most watched video on the internet.
Judson Laipply reception
Raine Howe & Ann Nguyen
Future performance features Kevin Johnson who is a master ventriloquist. Kevin has appeared on American Got Talent and The Late Show with David Letterman. His show is a hit with all age groups. Expect magic with Kevin’s amazing skills in bringing his puppets characters to life.
In addition to the School & Public Performance Series, Arts For the Schools also has an Artist-In-Residence program which provides 3rd-5th grade students access to professional arts instruction in the classroom. All our three children brought home beautiful painted eggs taught by artist-in-residence Cathee St. Clair that we still treasure today.
Raine Howe is the current executive director. She is passionate about arts & commits to continue in Terry Yagura’s footstep to promote the growth for Arts For the School in the years to come.
We had the honor of hosting two private receptions for Alpin Hong & Falla Guitar Trio in appreciation of the donors & supporters for Arts For the School. It was a fun event filled with good food, great company, laughter and music. We feel blessed to live in a community that cares about arts & supports this program through generous funding & donations. We expect many more great performances in the next season & hope to see all of you at the next event.
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