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I am a 75 yr old AZ renter. I wish to use AZ Form 201. My…

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I am a 75...

I am a 75 yr old AZ renter. I wish to use AZ Form 201. My question is there a household financial cap that would allow or prevent me from using this form?

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I received some information that because there are other relatives in my household, 1 who does work, but does not pay me rent, I am NOT able to take the tax credit that Form 201 would allow me. Is this accurate?

Submitted: 1 month ago.Category: Tax
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3/15/2018
Tax Professional: Tax.appeal.168, Tax Accountant replied 1 month ago
Tax.appeal.168
Tax.appeal.168, Tax Accountant
Category: Tax
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Experience: 3+ decades of varied tax industry exp. Tax Biz owner
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Tax Professional: Tax.appeal.168, Tax Accountant replied 1 month ago

The form does not indicate and income cap, not do i see anywhere where it states another person living with you disqualifies you from claiming the credit. SEE BELOW:

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Only one renter in each rental unit can claim the property tax credit. If you are filing a joint Arizona return, enter your names (in the space provided above Part 1) as they appear on your return. Only enter the social security number of the person claiming the credit.

Some qualifications to claim the Property Tax Credit are as follows: • you paid rent; • You are 65 or older on December 3l, 2016, OR if you are under age 65, you are on Supplemental Security Income (SSI) Title 16; and • you do not live in public housing operated by the city, county, state, or qualified charitable institutions that do not pay property taxes.

REFERENCE SOURCE:

https://www.azdor.gov/Portals/0/ADOR-forms/TY2016/10400/10417_inst.pdf

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Customer reply replied 1 month ago
I understand that nowhere on the 201 Form does it mention a money cap. My question to you is, under AZ state income tax law, is there somewhere mention that THERE IS A MONEY CAP? Or are you saying that because it does not state a cap on the 201 form, that any other reasoning is incorrect? As I mentioned in my 1st "chat", I was told that there is a household cap. This is what I am trying to determine.
Tax Professional: Tax.appeal.168, Tax Accountant replied 1 month ago

Normally the instructions on the form would indicate if there was an income cap. However, I will check a bit further to see if I can find information relating to a cap on the income to claim this credit. I will get back to you shortly.

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Tax Professional: Tax.appeal.168, Tax Accountant replied 1 month ago

I found some additional information. #4 shows the income limit. SEE BELOW:

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Property Tax Credit Line 56 - You may claim the property tax credit if you meet all of the following:

1. You were either 65 or older in 2017 or, if under age 65, you were receiving SSI Title 16 income from the Social Security Administration.

Note: SSI Title 16 income is not the normal Social Security disability.

2. You were an Arizona resident for the full year in 2017.

3. You paid property tax on your Arizona home in 2017. You paid rent on taxable property for the entire year or you did a combination of both.

4. If you lived alone, your total household income was under $3,751. If you lived with others, the total household income was under $5,501.

REFERENCE SOURCE:

https://www.taxslayer.com/support/1337/Arizona-Credits?language=1

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