4. Renter’s Tax Credit
The Renter’s Tax Credit is not a payment that you can receive, but a deduction that renters can make on their California state income tax forms. Renters who owe no tax will get no benefit. For the 2021 tax year, single renters with incomes up to $43,533 are eligible for $60 renters’ tax credit and families with incomes up to $87,066 are eligible for $120 renters’ tax credit.
Other rules apply:
- You had to be a California resident for the entire year
- You had to pay rent for at least half the year on a California property that was your main residence
- The property you rented was not exempt from California property tax
- You didn’t live with another person for more than half the year (such as a parent) who claimed you as a dependent
- You were not a minor living with and under the care of a parent, foster parent or guardian
- You or your spouse were not granted a homeowner’s property tax exemption during the year
Visit https://www.ftb.ca.gov/file/personal/credits/nonrefundable-renters-credit.html for more information regarding your eligibility.