Renters credit in Arizona
Varies
Can Renters Get a Tax Break in Arizona?
Short answer: Yes: Arizona offers the Property Tax Credit (Form 140PTC). Refundable credit for very low-income seniors and SSI recipients who rent or own their Arizona home, up to $502, claimed on Form 140PTC. Age 65+ or receiving Title 16 SSI; full-year Arizona resident; household income under $3,751 if living alone or under $5,501 with others; renters must have rented the whole year.
Renters must get a signed Form 201 (Renter's Certificate of Property Taxes Paid) from the landlord; units in tax-exempt public housing do not qualify. The claim must be filed by the return due date, including extensions. Rent on your own home isn't deductible on your federal return; the exceptions are a home office used for your business or renting out part of the place you rent.
Records to keep: Keep your lease, rent receipts or a landlord rent certificate, and proof of household income. Check your state's current-year form and deadline before you apply.
Renters credit in Arizona
Varies
Individuals / Personal Taxes
Yes: Arizona offers the Property Tax Credit (Form 140PTC). Refundable credit for very low-income seniors and SSI recipients who rent or own their Arizona home, up to $502, claimed on Form 140PTC. Age 65+ or receiving Title 16 SSI; full-year Arizona resident; household income under $3,751 if living alone or under $5,501 with others; renters must have rented the whole year.
Business justification
Yes: Arizona offers the Property Tax Credit (Form 140PTC). Refundable credit for very low-income seniors and SSI recipients who rent or own their Arizona home, up to $502, claimed on Form 140PTC. Age 65+ or receiving Title 16 SSI; full-year Arizona resident; household income under $3,751 if living alone or under $5,501 with others; renters must have rented the whole year. Renters must get a signed Form 201 (Renter's Certificate of Property Taxes Paid) from the landlord; units in tax-exempt public housing do not qualify. The claim must be filed by the return due date, including extensions. Rent on your own home isn't deductible on your federal return; the exceptions are a home office used for your business or renting out part of the place you rent.
Category
- Personal Tax Deductions