MenuHome Buyer Tax Credit
First time homebuyers are eligible for a tax credit of up to $8,000 tax credit. Also, homeowners who have lived in their home for at least five years and are thinking of relocating are considered "repeat buyers" and are eligible for a tax credit of up to $6,500.
BUT..... don't wait until the last minute to take advantage of this impressive opportunity!! The home buying process takes some time (house hunting, paperwork, financing, etc.) so you shouldn't wait until 2 weeks prior to the deadline to take action.
To qualify for the tax credits, a sales contract must be signed by April 30, 2010 and the closing on the home must occur by July 1, 2010.
CLICK HERE to view the tax credit fact sheet.
CLICK HERE to view an additional fact sheet.
CLICK HERE to go to the official tax credit website.
CLICK HERE for information on South Dakota Housing Development Authority's Advance Tax Credit Program extension (first time homebuyers.... use a portion your tax credit towards a down payment or closing costs).
