Up to $18,000 tax credits for CA home buyers

To qualify, the home purchase must go into escrow before May 1st and close before June 30, 2010.

First Time Home Buyers
up to $8,000 in Federal Tax Credits
up to $10,000 in CA State Tax Credits

Repeat Buyers / Existing Homeowners
up to $6,500 in Federal Tax Credits
up to $10,000 in CA State Tax Credits for the purchase of a never occupied home.

While I can't give tax advice, I can say this is a historic opportunity that you should explore with your tax preparer!

To learn more:
http://www.federalhousingtaxcredit.com/faq2.php
http://www.realtor.org/home_buyers_and_sellers/2009_first_time_home_buyer_tax_credit
http://www.ftb.ca.gov/individuals/New_Home_Credit.shtml