HOMESTEAD TAX CREDIT

REQUIREMENTS



A Homestead Tax Credit is only applicable if you are the legal owner of the property, and this is your

primary residence. You cannot have homestead tax credit on more than one residence or claim

homestead in any other district. There is a minimum tax amount of $180.00 for all Homestead Credits.



General Homestead Tax Credit $400.00



A Valid Virgin Islands Identification such as Driver’s License or Voter’s Registration



A Valid Passport is only acceptable if a current stamped USVI Income Tax Return is provided

A current WAPA Electric Bill



A current Income Tax Return filed & stamped by the Virgin Islands Bureau of Internal Revenue



If you do not file a USVI Income Tax Return, you must provide a notarize statement indicating why you did not

file as well as provide copies of any other sources of income such as your Social Security Statement.



In Addition to a General Homestead Tax Credit You May Apply

For One Other Tax Credit, If You Qualify.



Veteran Tax Credit $650.00

DD214 indicating Honorable Discharge

National Guard Member eligibility is based on serving twenty years or more



Or a National Guard Member who spent more than 30 consecutive days deployed in a war zone.



Senior Tax Credit $500.00

Age requirement is 60 years or older



Your total annual gross income must be less than $30,000 for an individual and $50,000 for a married

couple/household.



A current income tax return stamped & filed with the USVI Bureau of Internal Revenue is required



Disability Tax Credit $500.00



Proof of Disability documentation as determined by Social Security Administration is required



Your total annual gross income must be less than $30,000 for an individual and $50,000 for a married

couple/household.



A current income tax return stamped & filed with the USV] Bureau of Internal Revenue is required