KeshaH
Expert Alumni

State tax filing

Is TurboTax saying you don't qualify for the credit or that your credit is zero?

 

One of the things that can limit your credit is your income. 

 

The renter's credit is calculated on a curve - the higher your income, the more rent you have to pay to get any of the credit. The maximum amount of income you can earn overall and still qualify for the credit is roughly $75k, but to get a credit at that amount you would to be paying a higher amount of rent.

 

You can review the renter's credit tables in the instructions to the M1 to see what your credit amount should be based on your rent paid and income .... The credit tables are on pages 25-29.

 

If, based on these tables, you believe you should still qualify for the credit, we can take a look at your return so we can see exactly what you see and help come to a resolution. The return will be scrubbed and will not include any of your personal details.

 

Once you're logged in to your account,

- on the left hand panel, click on Tax Tools and then choose Tools

- on the pop up window, select Share my file with Agent

- you'll see a message saying you'll give us a copy of your tax return. Your personal information will be changed so we can't see any private information.

- click okay and you'll get another message with a token

 

Reply to this message with your token and we'll take a look to see what we can find. Let us know what other states, if any, are included in your return.

 

@Cmkv