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cindy8114
New Member

Why can't I qualify for property tax relief credit. I only have disability income of $15,552/year & have paid $4488 yr for rent?

 
1 Best answer

Accepted Solutions
MaryK1
Level 9

Why can't I qualify for property tax relief credit. I only have disability income of $15,552/year & have paid $4488 yr for rent?

For the 2017 property tax relief credit, income is defined as 2015 federal adjusted gross income (FAGI) modified so that:

  • the net amount of loss reported on Federal Schedule C, D, E or F doesn’t exceed $3,000; 
  • the net amount of any other separate category of loss doesn’t exceed $3,000; and
  • the aggregate amount of all losses doesn’t exceed $15,000.
If your disability income was not taxed, you do not qualify.
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2 Replies
SweetieJean
Level 15

Why can't I qualify for property tax relief credit. I only have disability income of $15,552/year & have paid $4488 yr for rent?

Which state?
MaryK1
Level 9

Why can't I qualify for property tax relief credit. I only have disability income of $15,552/year & have paid $4488 yr for rent?

For the 2017 property tax relief credit, income is defined as 2015 federal adjusted gross income (FAGI) modified so that:

  • the net amount of loss reported on Federal Schedule C, D, E or F doesn’t exceed $3,000; 
  • the net amount of any other separate category of loss doesn’t exceed $3,000; and
  • the aggregate amount of all losses doesn’t exceed $15,000.
If your disability income was not taxed, you do not qualify.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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