The Renters’ Tax Credit is currently only available to low-income and/or senior renters. However, our legislators did do something positive on this front during this year’s legislative session — the credit has been increased from $750 to $1000. HB340 was signed into law by Governor Hogan in May.
If you think you might qualify for the credit, please go here to download the form and review the current income requirements. The application deadline is September 1, but you can file at any time before then.
Expanding this credit to allow moderate-income renters to apply would provide relief to those who are struggling with rising rents and paying more than 30% of their net monthly income towards housing. This is something we’ll be fighting for in future legislative sessions.