What is the renters tax credit and can I claim a renters tax credit for my university subsidized off-campus apartment?
The nonrefundable renter’s credit is a personal income tax credit that can only be used to offset your tax liability; therefore you must have a tax liability to claim the credit. Students renting on-campus housing or off-campus subsidized housing which is exempt from property tax, may not take the credit. For information about the Nonrefundable Renter’s Credit, please refer to the Nonrefundable Renter’s Credit Qualification Record in your Personal Income Tax Booklet.
The non refundable renter’s credit is a personal income tax credit that can only be used to offset your tax liability; therefore you must have a tax liability to claim the credit. Students renting on-campus housing or off-campus subsidized housing which is exempt from property tax, may not take the credit. For information about the Non refundable Renter’s Credit, please refer to the Non refundable Renter’s Credit Qualification Record in your Personal Income Tax Booklet.
Related Questions
- What is the renters tax credit and can I claim a renters tax credit for my university subsidized off-campus apartment?
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