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 can report this credit directly on all main form [Form 540/Form 5402EZ/Form 540NR].
You qualify for the Nonrefundable Renter's Credit if you meet all of the following:
- You were a resident of California in 2009.
- Your California adjusted gross income (AGI) is $34,412 or less if your filing status is single or married/registered domestic partner filing a separate return; or $68,824 or less if you are married/registered domestic partner filing jointly, head of household, or qualified widow(er).
- You paid rent for at least half of 2009 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 2009.
- 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 2009.
- If you are married, neither you nor your spouse/registered domestic partner was granted a homeowner's property tax exemption during 2009. (You can still qualify for the credit, even though your spouse/registered domestic partner claimed a homeowner's exemption, as long as each of you maintained a separate residence for the entire year in 2009).
If you meet the requirements above the credit is:
- Single, $60
- Head of Household or widow(er), $120
- Married/registered domestic partner filing separately, $120
- Married/registered domestic partner filing jointly, $120
All information is taken from California Government website. [http://www.ftb.ca.gov/individuals/faq/ivr/203.shtml]
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