New tax credit for renters
There’s a pretty hefty list of existing tax breaks for those who own a home, but what about renters? Well, Kamala Harris has previously introduced legislation to provide tax breaks for them, as well.
This Kamala Harris tax reform would’ve created a new tax credit for people who spend over 30% of their earnings on rent and make less than $100,000 per year. The amount of the credit would range anywhere from 25% to 100% of the excess rent, depending on the person’s income.
The bill would’ve allowed individuals living in government-subsidized housing a credit equal to 1/12 of the unsubsidized rent they pay each year. The renter’s credit would be paid monthly to put money in the renters’ hands when the rent check is due.
It would also be refundable, meaning that renters would get a tax refund check if the credit amount surpassed their annual federal tax liability.
Most if these discounts do not apply to seniors that are not home owners , the bath jscyzxu makeover also does bit apply if you don’t own a home.
Basically we don’t make the $2,000 whatever the exact range was
And still struggle to choose over paying rent, electricity , medicine
And sometimes food. So in reality what’s so great about these discounts the majority of us are not getting
Nor are we getting extra in our checks. Right now there’s meds my insurance doesn’t cover my health isn’t
The greatest therefore I need my meds. And within the last two months between electricity which is importante due to chronic asthma and sarcoidosis. I need my ac on. And now a new desease which is out of my hands and has become out of control. I’ve had to my np children for help because I don’t have the extra cash to pay for my meds. And I have to have these meds. So what can I do. I am elderly and in a fixed income. Yet I need my meds and I need the electricity first if all for my nebulizar treatments and with this weather that exacerbates my Asthma and my Sarcoidosis which also a lung desease. I would love to get some answers please. Hopefully this won’t be another email not read. Which brings me and many others to square one. AGAIN.
I’m just wondering where will the money for all her promises come from? How much more will it add to the federal deficit? Is she going to continue to send money to Ukraine without any accounting from them and will she be getting biden’s 10% cut now?
Is she going to get rid of the odious double taxation of US citizens living abroad. She should abolish citizenship based taxation, which is basically taxation without representation. What would the founding fathers say!! The USA is the only country in the world apart from Eritrea that imposes this awful burden on its expat citizens. It’s a disgrace.
I think it looks pretty good, lets go Kamala!!!!!!!
Balderdash, she is just blowing Biden’s smoke.