Form Ri-1040h - Rhode Island Property Tax Relief Claim - 2008 Page 2
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2PART 6
WORKSHEET FOR COMPUTING TOTAL HOUSEHOLD INCOME
IF YOU DO NOT FILE A FEDERAL TAX RETURN, USE THE FOLLOWING WORKSHEET TO COMPUTE YOUR TOTAL HOUSEHOLD INCOME.
23.
Social Security (including Medicare premiums) and Railroad Retirement benefits.........................................................................
23.
24.
24.
Unemployment benefits, worker’s compensation............................................................................................................................
25.
25.
Wages, salaries, tips, etc.................................................................................................................................................................
26.
Dividends and interest (taxable and nontaxable)............................................................................................................................
26.
27.
Business and Farm income (net of expenses)................................................................................................................................
27.
28.
Pension and annuity income (taxable and nontaxable)...................................................................................................................
28.
29.
Rental income (net of expenses).....................................................................................................................................................
29.
30.
Partnership, estate and trust income...............................................................................................................................................
30.
31.
Total gain on sale or exchange of property......................................................................................................................................
31.
32.
Loss on sale or exchange of property (capital losses are limited to $3,000.00).............................................................................
32.
33.
Cash public assistance (welfare, etc.).............................................................................................................................................
33.
34.
Alimony and support money............................................................................................................................................................
34.
35.
Nontaxable military compensation and cash benefits......................................................................................................................
35.
36.
Other taxable income, please specify: _____________________ .................................................................................................
36.
37.
TOTAL 2008 HOUSEHOLD INCOME - add lines 23 through 36, enter here and on form RI-1040H, page 1, line 8....................
37.
Household
Percentage of income
COMPUTATION TABLE INSTRUCTIONS
income
allowable as credit
Step 1
Read down the column titled household income until you find the income range
1 person
2 or more
that includes the amount shown on line 8.
Less than 6,001
3%
3%
6,001 - 9,000
4%
4%
Step 2
Read across from the income range line determined in step 1 to find the percent
9,001 - 12,000
5%
5%
of income allowed as a credit. Enter this percentage on line 12 or line 19,
12,001 - 15,000
6%
5%
whichever applies.
15,001 - 30,000
6%
6%
GENERAL INSTRUCTIONS
If you are filing a Rhode Island income tax return
WHEN AND WHERE TO FILE
the household.
and claiming a property tax relief credit, attach RI-
Your property tax relief claim should be filed as soon
What is meant by
"rent paid for occupancy
only" -
1040H to your Rhode Island income tax return. Your
The term "rent paid for occupancy only" means
as possible after December 31, 2008. However, no
property tax relief credit will decrease any income
the gross rent paid only for the right of occupying
claim for the year 2008 will be allowed unless such
tax due or increase any income tax refund. If you
claim is filed by April 15, 2009. However, an exten-
your homestead. If you rented furnished quar-
are not required to file a Rhode Island income tax
sion for filing may be allowed at the Tax
ters, or if utilities were furnished, such as heat,
return, Form RI-1040H may be filed without attach-
Administrator's discretion for sickness, absence or
electricity, etc., then you must reduce the amount
ing it to a Rhode Island income tax return.
other disability. Mail your property tax relief claim to
of gross rent by the reasonable rental value (not
cost) of the furniture and the reasonable value of
the Rhode Island Division of Taxation - One Capitol
WHO MAY QUALIFY
such utilities as were furnished.
Hill - Providence, RI 02908-5806.
To qualify for the property tax relief credit you must
meet all of the following conditions:
IMPORTANT DEFINITIONS
LIMITATIONS ON CREDIT
a) You must have been a legal resident of Rhode
What is meant by "homestead" - The term "home-
Under the provisions of Section 44-33-16, a claim
Island for the entire calendar year 2008.
for relief shall exclude all taxes or rent paid with pub-
stead" means your Rhode Island dwelling,
b) Your household income must have been $30,000
lic assistance funds. The maximum amount of cred-
whether owned or rented, and so much of the
or less.
land around it as is reasonably necessary for the
it allowable under Chapter 44-33, Property Tax
c) You must have lived in a household or rented a
use of the dwelling as a home, but not exceeding
Relief Act, for calendar year 2008 is $300.00. In
dwelling that was subject to property taxes.
one acre. It may consist of a part of a multi-
event that more than one person owns the resi-
d) You must be current on property tax due on your
dwelling, a multi-purpose building or another
dence, the taxes will be divided by the owner's
homestead for all prior years and on any current
share.
shelter in which people live. It may be an apart-
installments.
ment, a rented room, a mobile home or a farm.
RENTED LAND
What is meant by a "household" - The term "house-
WHO MAY CLAIM CREDIT
hold" means one or more persons occupying a
If you live on land that is rented and your home or
If you meet all of the qualifications outlined above,
dwelling unit and living as a single nonprofit
trailer is subject to property tax. Multiply the amount
you should complete Form RI-1040H to determine if
housekeeping unit. Household does not mean
of rent you paid in 2008 by 20% and add the amount
you are entitled to a credit. Only one person of a
bona fide lessees, tenants or roomers and bor-
to the property tax paid. Then enter the total on RI-
household may claim the credit. If you and one or
ders on contract.
1040H, line 10.
more qualified individuals each rent or own a home-
What is meant by a “dependent” - The term
stead within a single dwelling, you may each file a
“dependent” means any person living in the
Example:
720.00
claim. The right to file a claim does not survive a
household who is under the age of 18 who can
Rent (3,600 X 20%).......................
+ 2,000.00
person's death; therefore a claim filed on behalf of a
be claimed by someone else on their tax return.
Property Tax...................................
2,720.00
deceased person cannot be allowed. If the claimant
What is meant by
"household
income" - The term
Amount to be entered on line 10...
dies after having filed a timely claim, the amount
"household income" means all income received
thereof will be disbursed to another member of the
both taxable and nontaxable by all persons of a
household as determined by the Tax Administrator.
household in a calendar year while members of
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