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California's renter's tax credit, created to help income-eligible residents who don't benefit from the tax breaks given to homeowners, has remained flat since 1979, never adjusted for inflation.
Now, however, California homeowners who've already received help can apply for more if they have missed more payments and remain eligible. No household may collect more than $80,000 over the ...
California Gov. Gavin Newsom said the state will provide rebates to residents if President-elect Donald Trump's incoming administration does away with a federal tax credit for electric vehicles.
Because the total credit in this example exceeds the IRS limit of $2000, the homebuyer would report a $2000 credit on their tax return. The buyer may continue to receive a tax credit for as long as they live in the home and retain the mortgage.
The state is expanding its federally funded mortgage relief program to help more Californians. In addition to reaching people who fell behind on their payments in 2022 and early 2023, it is ...
The California Mortgage Relief Program is offering a one-time grant that will allow homeowners to catch up on past-due property tax or mortgage payments due to financial issues brought on by COVID-19.