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The Individual Income Tax Credit reduces the DC individual income tax liability of eligible homeowners and renters by up to $750. If your household's total income is $20,000 or less, you may be eligible.
- DC's Homeowner and Renter Property Tax Credit Program: Who Benefits
The District of Columbia’s property tax circuit breaker,...
- DC's Homeowner and Renter Property Tax Credit Program: Who Benefits
27 Νοε 2023 · The District of Columbia’s property tax circuit breaker, officially known as the Schedule H Homeowner and Renter Property Tax Credit, aims to provide property tax relief to very low-income households.
Do you own or rent a home or apartment in the District? If so, this credit provides tax relief to homeowners who pay property taxes and to renters who help support those payments. You may qualify to get this money even if you don’t owe any taxes to the District to the District!
DC Government offers residents a tax credit of up to $1,200 for being a DC homeowner or renter. You may be eligible if you have been a DC resident for all of the last calendar year and you meet the income requirements.
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The Individual Income Tax Credit reduces the DC individual income tax liability of eligible homeowners and renters by up to $1,375. To be eligible to file, the total 2024 federal adjusted gross income (AGI) of your “tax filing unit" must be $63,900 or less if you are under age 70.
Check your last real property tax bill. If your bill does not show a deduction for the Homestead Program and you qualify for the deduction, contact the Office of Tax and Revenue at (202) 727-4TAX (727-4829).
