Question

Vermont Property Tax Credit

Forum|Forum|3 years ago
March 26, 2023
1 reply
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I completed the information required for the Vermont 2023 Form HS-122 in TurboTax. I met all of the requirements to receive a property tax credit. TurboTax says that I "do not qualify because my income exceeds the maximum amount to calculate this credit." However, TurboTax did not allow me to complete the Vermont 2022 Schedule HI-144 to calculate my household income. I printed the schedule from the Vermont Department of Taxes website and completed the schedule. My household income is well below the maximum Vermont alows for the credit. How will TurboTax correct this error?

CatinaT1

After entering information about the Homestead Declaration, do you see this screen?

If so, the next screen will be:

Assuming you meet all the requirements, you will say yes. There will be several more questions to complete, but you will come to this section:

When you click to continue do you see this?

The credit is based on your household income, not only your income. If you have others that live with you, you must include their income, and together it must be less than $136,900.

If you are not getting these screens and have reviewed your answers to ensure they are correct, I would try deleting the state return and starting the state over.

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J

jena03Author

I saw the screen asking whether I met all of the criteria for the credit. I checked yes. The next screen told me that my income was higher than the limit for the property tax credit. That statement is incorrect; my income is under $136,900. I will try deleting the state return and re-enter my information. Thank you.