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Investors & landlords
Maybe. If you pay rent on your primary residence, you might be able to claim a state tax credit. There is no federal renter’s tax credit.
Most of these credits depend on the owner of your building paying property taxes. If they don’t pay these taxes, you may not qualify.
California Offers a credit to renters who fulfill all of these requirements:
- Paid rent in California for at least half the year
- Made $50,746 or less (single or married/registered domestic partner filing separately) or $101,492 or less (married/registered domestic partner filing jointly, head of household, or qualified surviving spouse)
- Didn’t live with someone who can claim them as a dependent
- Weren’t given a property tax exemption during the tax year
You’ll get $60 if you’re single or married/RDP filing separately or $120 if you’re married/registered domestic partner filing jointly, head of household, or qualified surviving spouse.
TurboTax will ask rent-related questions when you go through your state interview as you complete your California tax return.
[Edited 2/15/24 | 1:39pm PST]
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February 15, 2024
1:30 PM