Renter's Tax Credit - Available in Maryland
The Renters' Tax Credit Program is a plan that provides property tax credits for renters who meet certain requirements. If you are age 60 or over or 100% disabled, or if you are under the age of 60 who has at least one dependent under the age of 18 living with you AND you did not receive federal or state housing subsidies or reside in public housing, you may be eligible for this program.
What are the benefits?
The plan is designed to be similar in principle to the Homeowners' Tax Credit Program. The concept is based on the reasoning that the monthly rent that renters pay indirectly pays at least part or all of the property taxes and thus renters should have some protection, as do homeowners.
If the portion of rent attributable to the assumed property taxes exceeds a fixed amount in relation to income, the renter can, under specified conditions, receive a credit of as much as $750.
What else do I need to know?
The rented dwelling may be an apartment in an individual house or any type of apartment building, duplex, co-op, condominium, house trailer, or mobile home pad.
The dwelling must be the principal residence in Maryland and the renter must live there at least six months of the year.
The applicant must have a bona fide leasehold interest in the property and be legally responsible for the rent.
Income charts and tax limit charts can be found online at www.dat.state.md.us/sdatweb/rtc.html to help you determine whether or not you will be eligible.
You must apply every year by no later than September 1 on a standard application supplied by the Department of Assessments and Taxation.
For more information, contact:
State Department of Assessments & Taxation
Renters' Tax Credit Program
301 W. Preston Street, Room 900
Baltimore, Maryland 21201-2395
Phone: 410.767.4433 or 1.800.944.7403
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