All Things Tax

All Things Tax

Like the title says, from the filing process and tax questions to tax policy and reform, you can search and share All Things Tax here. This is the place to find answers to all your general questions that don't fall under the other categories. And just a reminder: questions about software or online filing should be posted in DIY Products.

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Pioneer
Posts: 1
Registered: ‎02-13-2014
Accepted Solution

California Renter's Credit

I think I should qualify for renter's credit, but when I put my information in, it says I do not qualify. I can not be claimed as someone's dependent. The property is NOT tax exempt and I am NOT claiming 2013 exempt. I have rented ALL of 2013 and make less than the maximum for single filers.

Associate (Council Member)
Posts: 539
Registered: ‎01-20-2014

Re: California Renter's Credit

Did you have any tax liability after your California exemptions?

 

The Renter's Credit is a nonrefundable credit, so it only serves to reduce your tax liability.

Tax Specialist I and Brevet Assistant Manager, Downtown Plaza H&R Block
All tax advice is general. Please consult with a tax pro to receive advice specific to your tax situation.
Pioneer
Posts: 1
Registered: ‎02-13-2014

Re: California Renter's Credit

Oh! So if i don't Owe, I don't qualify?

Associate (Council Member)
Posts: 539
Registered: ‎01-20-2014

Re: California Renter's Credit

That is correct. Only if you owed before the renter's credit was calculated would you receive the California Renter's Credit.

 

Since the renter's credit is either $60 or $120 for residents (it's prorated for part-year residents), it's not a credit that all renters get. Some make too little money and same make too much money. 

 

We will always ask whether you rent or own at H&R Block as there are tax deductions for each and we want to make sure you get your maximum refund.

 

 

Tax Specialist I and Brevet Assistant Manager, Downtown Plaza H&R Block
All tax advice is general. Please consult with a tax pro to receive advice specific to your tax situation.