70,000 more renters got a property tax refund due to new Renter’s Credit
70,000 more renters got a property tax refund due to new Renter’s Credit
Renters claimed and got the Renter’s Credit on their income tax returns
ST. PAUL, Minn. – Over 70,000 more Minnesota renters received the benefits of the new Renter’s Credit when they filed their individual income tax returns earlier this year, the Minnesota Department of Revenue announced today. Those claiming the 2024 Renter’s Credit saw it decrease how much they owed or increased any refund due on their income tax return.
“Making the Renter’s Credit a part of an individual’s income tax filing allowed us to send out an additional $64.5 million in credits received to eligible renters this year,” said Revenue Commissioner Paul Marquart. “This change not only simplified filing for over 370,000 total renters, but it also put these refunds into their pockets months earlier than prior years.”
Still need to claim the 2024 Renter’s Credit?
The Minnesota Department of Revenue reminds eligible renters that the 2024 Renter’s Credit is now claimed when filing their individual income tax. This means they will not file a separate Property Tax Refund return and will not receive a separate refund this summer.
Since the credit is part of the individual income tax return, renters must file it to claim the Renter's Credit. Visit the File an Income Tax Return webpage for more details, including due dates and electronic and paper filing methods.
Renters who already filed but did not claim the credit will need to amend their return if they want to claim it. For more information, visit the Forgot to Claim the Renter’s Credit section on our Renter’s Credit webpage.
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