FILE BEFORE OCTOBER 16TH FOR THESE PROGRAMS

Renter Assistance Program:  This program allows a once-a-year payment from the State of California to qualified individuals based on part of the property taxes that they paid indirectly when they paid their rent. The maximum amount of assistance that a claimant may receive is 139 percent of $250.00, the statutory property tax equivalent (139% x $250.00), which is $347.50. You may be eligible to file a 2006 claim for Renter Assistance if you are a United States citizen, designated alien or qualified alien when you file your claim and you met the following criteria on December 31, 2005:

  • You were 62 years of age or older, blind, or disabled,
  • You lived in a qualified rented residence in California,
  • You paid $50.00 or more per month in rent on that residence, and
  • You had a total household income of $40,811, or less.

 

For example, if you had an income of $10,000, your “refund” would be $347.50, at $15,000, it would be $290.00, at $25,000, $112.50,and at $30,000, your refund would be $42.50.

Homeowner Assistance Program:  This program allows a once-a-year payment from the State of California to qualified individuals based on part of the property taxes assessed and paid on their homes. For the 2006 claim year, the maximum amount of assistance that an eligible homeowner may receive is $472.60, which is 139 percent of the property taxes paid of the first $34,000 of full value of the home (139% x $340.00). You may be eligible to file a 2006 claim if you are a United States citizen, designated alien or qualified alien when you file your claim and you met the following criteria on December 31, 2005:

  • You were 62 years of age or older, blind, or disabled,
  • You owned and lived in your own home, and
  • You had a total household income of $40,811 or less.

 

Nonrefundable Renters Credit:  This is a tax credit available to qualifying California residents who paid rent on their primary residence. 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.

You qualify for the Nonrefundable Renter’s Credit if you meet all of the following:

  • You were a resident of California in 2005.
  • Your California adjusted gross income (AGI) is $30,794.00 or less if your filing status is single or married filing a separate return; or $61,588.00 or less if you are married filing jointly, head of household, or qualified widow(er).
  • You paid rent for at least half of 2005 for property in California that was your principal residence.
  • You did not live with another person for more than half the year (such as a parent) who claimed you as a dependent in 2005.
  • You are not a minor living with and under the care of a parent, foster parent, or legal guardian.
  • You rented property for more than half the year that was not exempt from California property tax in 2005.
  • If you are married, neither you nor your spouse was granted a homeowner’s property tax exemption during 2005. (You can still qualify for the credit, even though your spouse claimed a homeowner’s exemption, as long as each of you maintained a separate residence for the entire year in 2005).