New Home Buyer Credit for California State (publication 3528)

New Home Buyer Credit

Same way as Federal (Form 5805), California government do support New Home Buyer Credit in current tax year.

If you receive a Certificate of Allocation from the California Franchise Tax board, then you are eligible for claiming new home buyer credit.

This credit is a non-refundable credit. And will reduce your tax amount

If you can qualify for this credit, you can claim this credit on your Form 540 or Form 540NR. You can use code "219" for new home buyer credit in the given credit code to claim this credit. [As most of the Tax software company will put automatically if you qualify.]

Government Instructions are saying as below for Home Credit.

Home Credit – For taxable years beginning on or after March 1, 2009, and before March 1, 2010, a home credit against net tax will be allowed for the purchase of a never been occupied home in an amount equal to
the lesser of five percent of the purchase price of a qualified principal residence or ten thousand dollars ($10,000).

So, The lesser of 5% of the purchase price of a qualified principal residence or $10,000. The credit is taken equally over three years.

[For more information see California FTB publication 3528]

Where can I find my California Tax Refund Status?

Find the below link from the California state government website to check out the refund status of your California State tax return.

Find my California Tax Refund Status

(http://ftb.ca.gov/online/refund/index.asp)

[Above link will redirect you to Government website.]

Press the check status button on given web page after reading its content and follow the links. You need to enter your social security number (SSN#), Zip Code and the amount of your refund on the given boxes and click on the Login button on bottom of the screen when web page ask to do that. It will show the status of your tax refund on the web page.

Make sure, you filed your California state tax return and got approved from the FTB, CA government before searching for your California state tax refund.

Also enter correct information in each boxes on the forms. You can get the exact refund amount from your California state tax return.

• If you File Form 540, you can get it your value from line 93.
• If you File Form 540A, you can get it your value from line 93.
• If you File Form 540 2EZ, you can get it your value from line 23.
• If you File Form 540 NR(Long Form/Short Form), you can get it your value from line 103.

This post is useful to find out the government website link(From http://ftb.ca.gov) to get the refund status. The

Link is taken from the California government website.