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Tax Credit

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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Visit www.federalhousingtaxcredit.com

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.

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
  - The tax credit applies only to homes priced at $800,000 or less.
  - The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
¬ For homes purchased on or after January 1, 2009 and on or before November 6, 2009, the income limits are $75,000 for single taxpayers and $150,000 for married couples filing jointly.
¬ For homes purchased after November 6, 2009 and on or before April 30, 2010, single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax 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.