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After you file
You are concerned in case you are audited. If you meet the rules, you should claim the credit. If you are audited, you can provide a notarized statement, bank statements, etc for your proof of payments.
Here are the rules:
Homestead Credit
The Wisconsin homestead credit program provides direct relief to homeowners and renters. The taxpayer may qualify if he or she was:
- A legal resident of Wisconsin for all of 2020.
- Between the ages of 18 and 61 on December 31, 2020, and had earned income.
- Age 62 or older on December 31, 2020, or disabled.
- Not claimed as a dependent on anyone’s 2020 federal tax return (unless age 62 or older on December 31, 2020).
- Not living in tax-exempt public housing for all of 2020. Note: Some exceptions apply to this rule and are explained in the instructions for the homestead credit form.
- Not living in a nursing home and receiving medical assistance (Title XIX) when filing for the homestead credit.
- Had total household income, including wages, interest, Social Security, and income from certain other sources, below $24,680 in 2020.If the taxpayer (or spouse if married) claims the farmland preservation credit or veterans and surviving spouses property tax credit, the homestead credit is not available. File Schedule H, Wisconsin Homestead Credit, to claim the credit.
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February 11, 2021
1:06 PM