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Location: Oklahoma(formerly SoCalif) Originally Mich,
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How many renters are aware of this?
Some states(Consumer Affairs) have what is called "Rent Return". If you rent a place for a certain amout of time you can start filing at the end of the year and (depending on what you pay) you'll receive a certain amount of money back.
Iv'e done this for years in CA. Last year, paying 350.00, I received a check for 278.00.
Here some info, and a printable form for CA.
Some states(Consumer Affairs) have what is called "Rent Return". If you rent a place for a certain amout of time you can start filing at the end of the year and (depending on what you pay) you'll receive a certain amount of money back.
Iv'e done this for years in CA. Last year, paying 350.00, I received a check for 278.00.
Here some info, and a printable form for CA.
I looked on the California website you posted and don't see where this "Rent Return" is. Can you be more specific? I have someone who rents in CA who could really use a few extra bucks back.
Location: Oklahoma(formerly SoCalif) Originally Mich,
13,387 posts, read 19,437,818 times
Reputation: 4611
Quote:
Originally Posted by MagicTouch
I looked on the California website you posted and don't see where this "Rent Return" is. Can you be more specific? I have someone who rents in CA who could really use a few extra bucks back.
It's a credit on your state income tax. Almost all states that have a state income tax allow for this deduction. It's not a rent return, it's a credit for renters against income tax on the state level.
anyone who files state income tax is probably aware of it.
Thank you for the clarification I thought it was something besides that. CA doesn't give you much and has limits based on income. Here in MA I can take the credit, income really doesn't matter and get a higher deduction. I got a $1500 deduction and only lived here for 3 months. Not bad.
You can be on SSI or Disability and get it. It's for low income.
Not necessarily in all states. Wisconsin allows you to claim a credit on your tax return - has nothing to do with your income. They base it on the amount of rent you pay each year and whether or not you pay for heat, I believe it is. Usually doesn't amount to much, but it helps. I think homeowners can get a similar credit but I don't know the specifics on that.
However, WI does have a separate credit / form (Homestead Credit, I think it's called) that lower income folks are eligible to file.
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I don't see it on the VA website.
