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Old 03-16-2014, 07:06 PM
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Real Estate Tax Credit (NY)

I rent a section 8 apt, that I pay less than $450 a month on avg. Does it qualify for the NY real estate tax credit?



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Old 03-17-2014, 02:20 AM
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Originally Posted by TaxDon View Post
I rent a section 8 apt, that I pay less than $450 a month on avg. Does it qualify for the NY real estate tax credit?
I guess so According to NYS Dept of Taxation and Finance, as a renter, you or a member of your household paid rent for your residence; the average monthly rent you and other members of your household paid was $450 or less, not counting charges for heat, gas, electricity, furnishings, or board. You are entitled to this refundable credit aslongas your household gross income is $18K or less ; you occupied the same NY residence for six months or more ; uou were a NYS resident for the entire tax year ;you could not be claimed as a dependent on another taxpayer's federal income tax return ;your residence was not completely exempted from real property taxes ;you meet all the conditions listed under either Homeowners or Renters below



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