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Member
halljm1986
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
AndrewF
Posts: 541
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.
Member
halljm
Posts: 1
Registered: ‎02-13-2014

Re: California Renter's Credit

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

Associate
AndrewF
Posts: 541
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.