Hubbell Homes - First Time Homebuyers Tax Credit

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Thanks to the First-Time Homebuyer Tax Credit, potential home owners now have an incentive to explore more of the opportunities available to them. As part of the economic stimulus bill, first-time homebuyers will be allowed to take a $8,000 tax credit when they buy a single-family home, townhome or condominium.

With great incentives and affordable prices, you can OWN a Hubbell home for less than what you're paying to rent! Visit NOW - these buyer's incentives won't last forever.

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View Current Incentives and Specials

As part of landmark Congressional stimulus legislation, the law allows first-time homebuyers to take a $8,000 tax credit when they buy a single-family home, townhome or condominium.

In addition to the $8,000 tax credit, Hubbell will give you $1,000 more!

The Details

¬	The Tax Credit is for first-time homebuyers only.
	- The tax credit does not have to be repaid.
	- The tax credit is equal to 10% of the home's purchase price up to a maximum of $8,000
	- Buyers must actually close on the sale of the home between January 1st, 2009 and Nov. 30th, 2009.
¬	Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
¬	Single taxpayers who earn more than $75,000 are eligible to receive a partial tax credit. The same applies to married couples who earh more than $150,000.
¬	Buyers can take the tax credit on their 2008 or 2009 tax returns.
¬	Qualified buyers may not have owned a home in the past three years.
¬	Buyers must live in the home for at least three years or they will be obligated to repay the credit.

Tax credit of up to $8,000 available to qualified first-time homebuyers. Qualification for tax credit based upon first-time homebuyer status, income, purchase price of home and other IRS qualifications. See www.federalhousingtaxcredit.comfor details. This information is provided for general awareness only, and is not intended for the purpose of providing legal, accounting, tax advice or consulting of any kind. Please consult with your tax professional for complete details.