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SC Housing Mortgage Tax Credit (MCC) : Program Guide
South Carolina State Housing Finance and Development Authority
South Carolina State Housing Finance and Development Authority
Abstract
An eligible homebuyer will receive a Mortgage Credit Certificate (MCC) which allows a Federal tax credit that may reduce their income tax liability. The homebuyer’s tax liability may be reduced each year by an amount equal to 30% of the mortgage interest paid, up to $2,000.00. The homebuyer remains eligible to receive the tax credit for as long as he retains ownership, lives in the home, pays interest on the mortgage and has an actual tax liability.
Issue Date
2024-12-16
Keywords
Tax credits--South Carolina, Mortgages--Taxation--South Carolina, Mortgage loans--South Carolina, South Carolina Housing Mortgage Tax Credit Program, Federal aid to housing--South Carolina
Type
Document
Rights
Records, documents, and information made available by the agencies of the South Carolina state government or its subdivisions are made accessible through the South Carolina State Library Depository and are protected under U.S. Copyright law (Title 17, U.S.C.) and South Carolina state law (Title 30 and 60, S.C.C.L.). Distribution rights are determined by the agency or author and users should contact the aforementioned for more information.
Digitization Specifications
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