Can you tell me what information Rhode Island Tax Relief Credit is based on? (Form 1040-H).

[CarolynM · Accepted solution]

Yes.

The refund is calculated based on the amount by which property taxes (or rent) exceed a percentage of the household income. The maximum refund is $300.

Here is the qualification language:

To qualify for the property tax relief credit you must meet all of the following conditions: 

a) You must be sixty-five (65) years of age or older and/or disabled.

 b) You must have been domiciled in Rhode Island for the entire calendar year 2017.

 c) Your household income must have been $30,000.00 or less.

 d) You must have lived in a household or rented a dwelling that was subject to property taxes.

 e) You must be current on property tax and rent payments due on your homestead for all prior years and on any current installments.

For more information, follow this link: RI Property Tax Relief