The Maryland RTC 60 form is an application for the Renters' Tax Credit, designed to assist eligible renters in Maryland by providing a direct check payment of up to $750 per year. This form is specifically aimed at individuals aged 60 and over, as well as those who are 100% disabled, and renters under 60 with dependents. If you believe you may qualify, consider filling out the form by clicking the button below.
The Maryland RTC 60 form is a vital document designed to assist eligible renters in the state by providing a tax credit that can significantly alleviate housing costs. This form enables renters who meet specific criteria to apply for a direct payment of up to $750 annually. Eligibility primarily hinges on age and disability status, with provisions for renters aged 60 and older or those who are 100% disabled as of December 31, 2015. Additionally, renters under 60 with dependents under the age of 18, who do not receive federal or state housing subsidies, can also qualify. The application process requires detailed information about household income, rent payments, and living arrangements, ensuring that the state can accurately assess eligibility. Applicants must submit proof of income and residency, including any applicable lease agreements and documentation of dependents. It is important to note that the filing deadline for this application is September 1, 2016, and potential applicants are encouraged to seek assistance if needed, ensuring they fully understand the requirements and process involved in applying for this beneficial tax credit.
Md Form 505 - Be aware that the 505X cannot be used if changing your status to resident.
A Florida Commercial Lease Agreement form is a legally binding document that outlines the terms and conditions under which a commercial property is leased to a tenant. This agreement protects the rights of both landlords and tenants, ensuring clarity on responsibilities and expectations. For those looking to streamline the process, the floridadocuments.net/fillable-commercial-lease-agreement-form provides an accessible option to fill out lease agreements efficiently. Understanding this form is essential for anyone involved in commercial real estate transactions in Florida.
Maryland Uniform Credentialing - Use the appropriate sections for listing all relevant training programs you have completed.
State of Maryland
Department of Assessments and Taxation
www.dat.maryland.gov
2016 MARYLAND RENTERS’ TAX CREDIT
INSTRUCTIONS AND APPLICATION
FORM RTC-60
· Filing Deadline - September 1, 2016
·
The State of Maryland provides a direct check payment of up to $750 a year for renters who paid rent in the State of Maryland and meet certain eligibility requirements.
•Renters age 60 and over or those 100% disabled as of December 31, 2015, see CHART 1 below.
•Renters under age 60, who have one or more dependents under the age of 18 living in their household and who do not receive Federal or State housing subsidies or reside in public housing, see CHART 1 & 2.
CHART 1 - AGE 60 OR OLDER OR 100% DISABLED.
If you are age 60 or older or 100% disabled, use this chart to see if you should file an application to have the State determine your eligibility.
1.Find your approximate 2015 total gross household income in Column A.
2.If your monthly rent is more than the figure in Column B across from your income, you may be eligible and are encouraged to apply.
(A)
(B)
2015 Total
2015
Gross Income
Monthly Rent
$1 - 5,000
14
$10,000
$117
$15,000
$303
6,000
28
11,000
147
17,000
394
7,000
42
12,000
178
20,000
544
8,000
56
13,000
219
25,000
794
9,000
86
14,000
261
30,000
1,044
EXAMPLE: Mary Jones, age 67, had a $9,964 income in 2015 and she paid $245 per month rent. She also paid all her own utilities. With an income close to $10,000 and rent that is more than $117 per month, Mary Jones should apply for the credit.
CHART 2 - UNDER 60 YEARS OF AGE.
If you are a renter under the age of 60 who, during 2015 had at least one dependent under the age of 18 living with you AND you did not receive Federal or State housing subsidies or reside in public housing, AND the combined income of all residents of your dwelling is below the following guidelines, you are encouraged to apply.
Persons in Household
2015 Gross
(Includes Applicant)
Income Limit
2
$16,317
5
$28,695
8
$40,968
3
$18,850
6
$32,473
9
$49,021
4
$24,230
7
$36,927
Note: If you qualify based upon the income limits above, the State will determine your eligibility using the formula comparing rent and gross income.
EXAMPLE: George and Robin Smith, ages 34 and 33, have two dependents under the age of 18. The total
household income for 2015 was $16,200. In 2015 they paid $500 per month rent and they paid all their own utilities. Since their income is below $24,230 (see Chart 2 on this page), the Smiths should apply for the credit.
•The rent in Chart 1 assumes that you pay all your own utilities separate from the monthly rent. If the rent includes gas, electric or heat, you may need to have as much as an 18% higher monthly rent to qualify for a credit.
•Trailer park residents are advised to submit an application and allow this office to determine eligibility.
•Chart 1 is a guide only, and the exact amount of your income and rent will be used to determine your eligibility. If you submit an application, the State will determine your eligibility.
READ THIS IMPORTANT INFORMATION BEFORE COMPLETING THE APPLICATION
1. WHO CAN FILE?
AGE 60 OR OVER OR 100% DISABLED
In order to be eligible for a 2016 Renters’ Tax Credit, the applicant must meet ONE of the following requirements.
•have reached age 60, on or before December 31, 2015 OR
•be 100% totally and permanently disabled as of December 31, 2015 and submit proof of disability from the Social Security Administration, other federal retirement system, the federal Armed Services or the local
City/County Health Officer,
OR
•be the surviving spouse of one who otherwise could have satisfied the age or disability requirement.
UNDER 60 YEARS OF AGE
In order to be eligible for a credit, an applicant must meet ALL of the following requirements:
•had at least one dependent under the
age of 18 living with you during 2015
AND
•did not receive Federal or State housing subsidies in 2015 AND
•your 2015 total gross income was below the limit listed in Chart 2 on the first page of this form.
Applicant must provide a copy of the child’s social security card and birth certificate.
If the applicant files a Federal return, the eligible dependent(s) must be listed on the Federal return in order to apply for this credit.
2.REQUIREMENTS FOR ALL APPLICANTS
Each of the following requirements must be met by every applicant:
•the applicant must have a bona fide leasehold interest in the property and be legally responsible for the rent;
•first time applicants, and prior year applicants who moved in 2015 must submit a copy of their 2015 lease(s), rental agreement, cancelled checks, money order receipts, or other proof of rent paid. Other applicants must submit a copy upon request;
•the dwelling must be the principal residence where the applicant
resided for at least six months in Maryland in calendar year 2015,
•the dwelling may be any type of rented residence or a mobile home pad on which the residence rests, but it may not include any unit rented from a public housing authority or from an exempt organization;
•the applicant, spouse and/or co- tenant must have a combined net
worth of less than $200,000 as of December 31, 2015.
An individual applicant may later be requested to submit additional information to verify what was reported on the application. This request may include a statement of living expenses when it appears that the applicant has reported insufficient means to pay the rent and other living expenses.
3.SPECIFIC INSTRUCTIONS FOR CERTAIN LINE ITEMS
ITEM 14 - SURVIVING SPOUSE
If you are filing as the surviving spouse of a person who would have met the age requirement, include a copy of his/her death certificate. If your spouse was disabled, include a copy of their death certificate and proof of disability.
ITEM 19 - SOURCES OF INCOME
All nontaxable sources of income such as retirement benefits, also must be reported here.The tax credit is based upon “total income”, regardless of its source or taxability. Public assistance, government grants, gifts in excess of $300, expenses paid on your behalf by others, and all monies received to support yourself must be reported.
You must report room and board, household expenses, or the gross income of any other nondependent occupants. Co-tenants cannot pay room and board.
Applicants who receive Public Assistance must provide a copy of the 2015 AIMS Public Assistance letter showing dependents and benefits received.
ITEM 20 - RENT YOU PAID
List only that amount of rent you actually paid and do not include subsidies paid on your behalf such as HUD/Section 8 payments. Do not include monthly fees for any services such as meals, pet fees, garage charges, late charges, security deposits, etc. If you live in a home in a trailer park, report only the rent you paid for the trailer pad or lot.
ITEM 23- PERJURY OATH/SOCIAL SECURITY RELEASE
By signing the form, the applicant, spouse and/or co-tenant is attesting under the penalties of perjury as to the accuracy of the information reported and that the legal requirements for filing have been met. In addition, the signature also authorizes the listed government agencies, Credit Bureaus and the landlord to release information to the Department in order to verify the income or benefits received and rental terms reported by the applicant.
If you need further information or free assistance in completing this application form, please call 410-767-4433 in the Baltimore metropolitan area or 1-800-944-7403 (toll free) for those living elsewhere in Maryland.
PRIVACY AND STATE DATA SYSTEM SECURITY NOTICE
The principal purpose for which this information is sought is to determine your eligibility for a tax credit. Failure to provide this information will result in a denial of your application. Some of the information requested would be considered a “Personal Record” as defined in State Government Article, § 10-624 consequently, you have the statutory right to inspect your file and to file a written request to correct or amend any information you believe to be inaccurate or incomplete. Additionally, it is unlawful for any officer or employee of the state or any political subdivision to divulge any income particulars set forth in the application or any tax return filed except in accordance with judicial legislative order. However, this information is available to officers of the state, county or municipality in their official capacity and to taxing officials of any other state, or the federal government, as provided by statute.
FILING DEADLINE IS SEPTEMBER 1, 2016
FORM
2016
RTC-60
Renters’ Tax Credit Application
1.
n Mr.
Last Name
First Name and Middle Initial
2. Your Social Security Number
3.
Your Birth Date
4. Daytime Telephone No.
n Mrs.
n Ms.
(
)
5.
Enter Spouse’s or Co-tenant’s Full Name (Circle Which)
6. His/Her Social Security Number
7. His/Her Birth Date
8.
Present Address (Number and Street, Rural Route)
Apartment No.
City, Town, or Post Office
County
Zip Code
9.
Address in 2015 if Different from Above
10.
Mailing Address if Different from Present Address
State
11.
Did you reside in public housing in 2015?
n Yes
n No
12.
Marital Status n Single
n Married
(n Separated
n Divorced
n Widowed
If so, date ____________________ )
13.
Check one of the following which describes your rented residence:
n Apartment Building Unit
n Single Family House
n Mobile Home Pad
n Other (Specify)
14.
Applicant Status:
n Age 60 or Over
n Totally Disabled (Submit proof)
n Surviving Spouse
n Under Age 60 with Dependent Child
15a.
Enter the name and address of the management company or person to whom you paid rent for at least six months in 2015. List any other landlord on a separate sheet of paper.
Name of Management Company or Landlord.
Address of Management Company or Landlord
15b.
Enter the name and address of the current management company or person to whom you are now paying rent.
16.
Do you rent from a person related to you (including In-Laws)?
n Yes n No
If yes, attach a photocopy of your lease.
Relationship______________________________________________________
16a.
Do you own any real estate in the State of Maryland or elsewhere?
TURN OVER TO OTHER SIDE TO COMPLETE AND SIGN THE APPLICATION
DO NOT WRITE BELOW - OFFICE USE ONLY
s
APPL. #___________________
RTC16
PLEASE COMPLETE OTHER SIDE OF APPLICATION FIRST ·
17. List all household residents who lived with you in 2015. (If none, write NONE.) You must answer this question.
Name
Date of Birth
Social Security Number
Your Dependent?
Yes or No
Relationship
2015 Income
If more space is needed, attach a separate list
18. Did or will you, and/or your spouse, file a Federal Income Tax Return for 2015? n Yes n No
If yes, a copy of your return (and if married
filing separately, a copy of your spouse’s return) with all accompanying schedules must be submitted with this application.
19.
AMOUNTS AND SOURCES OF INCOME IN 2015
(1)
(2)
(3)
OFFICE
PROOF OF ALL INCOME MUST BE ATTACHED
APPLICANT
SPOUSE/
ALL
USE
(ATTACH COPIES - NOT ORIGINALS)
CO-TENANT
OTHERS
ONLY
Wages, Salary, Tips, Bonuses, Commissions, Fees
Interest and Dividends (Includes both taxable and non-taxable)
Capital Gains (Includes non-taxed gains)
Rental Profits (Net) or Business Profits (Net) (Circle which)
Room & Board paid to you by a nondependent resident
Unemployment Insurance; Workers’ Compensation (Circle which)
................................................................................Alimony; Support Money (Circle which)
..........................Public Assistance (Attach AIMS) or other Government Grants (Circle which)
Social Security (Attach copy of 2015 Form SSA-1099) If none,enter “0”
S.S.I. Benefits for 2015 (Attach Proof)
....................................Railroad Retirement (Attach copy of 2015 Verification or Rate letter)
..................................................................................................Veteran’s Benefits per year
Other Pensions, Annuities, and IRAs per year (If a rollover, attach proof)
Gifts over $300; Expenses Paid by Others; Inheritances (Circle which)
........................................................................All Other Monies Received (Indicate Source)
TOTAL INCOME, CALENDAR YEAR 2015
20. Enter the amount of rent
you paid each month in Maryland
from January 1
through December 31, 2015
Total Rent for 2015__________________
Jan. ________________
Feb. _________________ March _________________ April _________________
May ________________ June _________________
July _______________
Aug. _________________ Sept. _________________
Oct. _________________
Nov. ________________ Dec. _________________
21.Do you receive any rent subsidy? n No n Yes, from whom____________________________________________________________________________________
22.Which utilities or services were included in the monthly rent: If none, check None.
Utilities:
n Electric (other than for heat)
n
Services:
n Meals
n Pet Fee
Gas (other than for heat)
n Heat
n None
Housecleaning/Medical
n Parking Garage Fee
n Other
23.I declare under the penalties of perjury, pursuant to Sec. 1-201 of the Maryland Tax-Property Code Ann., that this application (including any accompanying forms and statements) has been examined by me and the information contained herein, to the best of my knowledge and belief, is true, correct and complete, that I have listed all monies received, and that my net worth is less than $200,000. Further, I hereby authorize the Social Security Administration, Comptroller of the Treasury, Internal
Revenue Service, the Income Maintenance Administration, Unemployment Insurance, the State Department of Human Resources, and the Credit Bureaus to release to the Department of Assessments and Taxation any and all information concerning the income or benefits received. I further authorize any landlord listed on this application to provide information about my rental agreement and occupants of the rental unit. I understand that the Department may request at a later date additional information to verify the amount of income reported on the form, and that independent verifications of the information reported may be made.
Applicant’s Signature
Date
Spouse’s or Co-tenant’s Signature
Name of Preparer Other Than Applicant
Telephone
Applications are processed in the order in which they are received if additional information is not required.
RETURN TO
Department of Assessments and Taxation Renters’ Tax Credit Program
301 W. Preston Street 9th Floor, Room 900 Baltimore, Maryland 21201
FOR INFORMATION CALL
Baltimore Metropolitan Area 410-767-4433
All Other Areas
1-800-944-7403
THIS APPLICATION IS NOT OPEN TO PUBLIC INSPECTION - FILING DEADLINE IS SEPTEMBER 1, 2016
AT8-60R
Here are ten misconceptions about the Maryland RTC 60 form, along with clarifications for each:
While renters aged 60 and over are eligible, those under 60 with dependents may also qualify if they meet specific criteria.
The application must be submitted by the deadline, which is September 1 of the year following the tax year.
The program is designed for low- to moderate-income renters, with specific income limits outlined in the application.
Renters who reside in public housing are not eligible for this tax credit.
The credit amount varies based on income and rent paid, with a maximum of $750.
All applicants must submit proof of income, including any nontaxable sources, to qualify.
Only the actual rent paid should be reported; subsidies like HUD payments should not be included.
A bona fide leasehold interest is required, and proof of rent paid must be submitted.
All sources of income must be reported, including gifts and support received from others.
While straightforward, it requires careful attention to detail and may involve additional verification steps.
Filling out the Maryland RTC 60 form can be a straightforward process, but many people make common mistakes that can lead to delays or even denials of their applications. One frequent error is not meeting the eligibility requirements. For example, applicants must be either 60 years of age or older, 100% disabled, or a surviving spouse of someone who meets these criteria. Failing to check these boxes accurately can disqualify an applicant right from the start.
Another common mistake is related to income reporting. Many individuals forget to include all sources of income, such as retirement benefits, public assistance, or gifts over $300. The form requires a comprehensive view of total income, regardless of tax status. Leaving out even one source could result in an inaccurate application that may not meet the income thresholds.
In addition, some applicants overlook the importance of providing proof of income. It's essential to attach the necessary documents, such as tax returns or benefit statements, to substantiate the reported income. Without this proof, the application may be considered incomplete, leading to processing delays.
Another mistake occurs when applicants miscalculate their rent payments. The form specifically states that only the actual rent paid should be reported, excluding any subsidies or additional fees. Some people mistakenly include these amounts, which can skew their eligibility calculations.
Moreover, applicants sometimes fail to provide complete information about their living situation. For instance, if someone rents from a relative, they must disclose this relationship and attach a copy of the lease. Omitting this information can raise red flags and complicate the review process.
Applicants under 60 years of age often forget to include proof of their dependent children, such as Social Security cards or birth certificates. This documentation is crucial for establishing eligibility. Without it, the application may be rejected.
Another frequent oversight involves the filing deadline. Many people assume they have more time than they actually do. The deadline for submitting the RTC 60 form is September 1st. Missing this date means losing out on potential benefits for that year.
It's also important to double-check the accuracy of personal information. Mistakes in names, Social Security numbers, or addresses can lead to confusion and delays in processing. Such errors can often be avoided with a careful review before submission.
Lastly, some applicants fail to sign the form or neglect to have their spouse or co-tenant sign as well. The signature is not just a formality; it attests to the accuracy of the information provided. Without it, the application cannot be processed.
By being aware of these common pitfalls, applicants can improve their chances of successfully obtaining the Maryland Renters’ Tax Credit. Taking the time to carefully read the instructions and double-check the application can make a significant difference.
Filling out the Maryland RTC 60 form can be straightforward if you know what to expect. Here are some key takeaways to keep in mind:
Taking the time to understand these points will make the application process smoother and increase your chances of receiving the tax credit. Good luck!
The Maryland RTC 60 form is an essential document for renters seeking a tax credit in the state. However, it is often accompanied by other forms and documents that help establish eligibility and provide necessary information. Below is a list of these supporting documents, each playing a crucial role in the application process.
Gathering these documents is crucial for a successful application process. Each piece of information not only supports the applicant's claim but also aids the state in making informed decisions regarding eligibility for the renters' tax credit. Ensuring all necessary documents are included can streamline the review process and increase the likelihood of receiving the credit.
The Maryland RTC 60 form shares similarities with the Federal Housing Choice Voucher Program (Section 8) application. Both documents aim to assist low-income individuals and families in securing affordable housing. The RTC 60 form specifically targets renters in Maryland who may qualify for a tax credit based on income and age or disability status. Similarly, the Section 8 application assesses eligibility based on income and family composition, providing rental assistance to those who meet the criteria. While the RTC 60 offers a tax credit, Section 8 provides vouchers that subsidize monthly rent payments directly to landlords, helping to alleviate housing costs for qualifying applicants.
When exploring rental options in New York, it is crucial to have the necessary documentation in place to safeguard both landlords and tenants. One important resource is the Room Rental Agreement, which clearly lays out the terms and conditions of renting a room. This legal document not only establishes expectations but also protects the rights of both parties involved, ensuring a smooth rental experience for all. Understanding and utilizing such agreements can significantly enhance the process of securing housing in the competitive market of New York.
Another document akin to the RTC 60 is the Supplemental Nutrition Assistance Program (SNAP) application. Both forms require applicants to disclose household income and family size to determine eligibility for benefits. The RTC 60 focuses on providing financial relief for renters, while SNAP assists with food security. Despite their different purposes, both applications emphasize the importance of verifying income and household composition to ensure that assistance is directed to those in genuine need. This commonality highlights the broader goal of government programs to support low-income families and individuals.
The Low-Income Home Energy Assistance Program (LIHEAP) application also bears resemblance to the RTC 60 form. Like the RTC 60, LIHEAP aims to provide financial assistance to those struggling to meet essential living expenses. The LIHEAP application requires information about household income, size, and energy costs, similar to how the RTC 60 assesses rent and income. Both programs are designed to alleviate financial burdens on low-income households, ensuring that they can maintain stable living conditions. Thus, they share a fundamental purpose of enhancing the well-being of vulnerable populations.
The Maryland Homeowners' Property Tax Credit application is another document similar to the RTC 60 form. While the RTC 60 targets renters, the Homeowners' Property Tax Credit assists homeowners facing financial challenges. Both applications require detailed information about income and household composition to determine eligibility. They also serve as vital resources for residents who need financial relief related to housing costs. By providing tax credits, both programs aim to reduce the financial strain on individuals and families, promoting housing stability across Maryland.
In addition, the Temporary Cash Assistance (TCA) application aligns with the RTC 60 form in its focus on providing financial support to low-income individuals and families. Both applications assess the applicant's income and household dynamics to determine eligibility for assistance. While the RTC 60 offers a tax credit for renters, TCA provides cash assistance to help cover basic needs, including housing costs. This shared goal of supporting low-income households underscores the importance of accessible financial assistance programs in fostering economic stability.
Lastly, the Maryland Medical Assistance application shares similarities with the RTC 60 form. Both documents require applicants to provide comprehensive information about their income and household situation. The Medical Assistance program aims to ensure that low-income individuals have access to necessary healthcare services, while the RTC 60 focuses on providing financial relief for renters. Despite their different focuses, both applications are critical in supporting vulnerable populations and ensuring that essential services are accessible to those in need.