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District of Columbia Lower Income Long-Term Homeowner Credit
Extracted from PDF file 2023-district-of-columbia-schedule-l.pdf, last modified August 2020Lower Income Long-Term Homeowner Credit
Print Form Clear Form Government of the District of Columbia 2023 SCHEDULE L Lower Income Long-Term Homeowner Credit Important: Read the instructions before completing this schedule. Print in CAPITAL letters, using black ink. *239990110002* OFFICIAL OFFICIAL USE ONLY USE ONLY Vendor ID# 0002 Property Owner’s Information Eligible resident owner taxpayer identification number Eligible resident co-owner taxpayer identification number Eligible resident owner first name M.I. Last name Eligible resident co-owner first name M.I. Last name Daytime phone number Mailing address (number, street and suite/apartment number if applicable) City State Square Suffix Lot Zip Code +4 Enter information from your real property tax bill or assessment. If a section is blank on your bill or assessment, leave it blank here. Property address, fill in if different from above (number, street and suite/apartment number if applicable) City State Zip Code +4 Email Address Section A 1 Do you own the property? Yes No If you are a housing cooperative shareholder or member, see instructions. 2 Is your property receiving the DC homestead deduction? Yes No 3 Have you lived in the property as your principal place of residence for at least seven consecutive years immediately prior to the last day of the tax year? Yes No If you answered no to 1, 2, or 3, you are not eligible for the credit. Continue only if you answered yes to 1, 2, and 3. Section B Credit Calculation 4 Number of Household Members 5 Household income limit, enter the amount from Section D (page 2) 6 Total Household Federal Adjusted Gross Income from Section C (page 2) If Line 6 is greater than Line 5, stop here, you cannot claim the credit. Continue only if Line 6 is equal to or less than Line 5. .00 .00 $ 8 $ 9 $ 10 $ .00 .00 .00 .00 6 7 7 DC real property tax for Tax Year 2023 8 DC real property tax for Tax Year 2022 9 Multiply the amount on Line 8 by 1.05 and enter the result here 10 Allowable credit (Line 7 minus Line 9) Signature $ $ 5 Under penalties of law, I declare that I have examined this schedule and, to the best of my knowledge, it is correct. Declaration of paid preparer is based on all information available to the preparer. Eligible resident owner signature Send your signed and completed original schedule to: Office of Tax and Revenue 1101 4th Street, SW FL4 Washington, DC 20024 Revised 08/2023 Date Eligible resident co-owner signature Preparer’s Tax Identification Number (PTIN) Preparer’s Phone Number Date l *239990120002* Section C Members of your household List the income (the federal adjusted gross income) of each member of your household (attach a continuation sheet if necessary). First name, middle initial, last name Taxpayer identification number Total Household Federal Adjusted Gross Income enter here and on Line 6 Household federal adjusted gross income $ $ $ $ $ .00 .00 .00 .00 .00 $ .00 $ 0 .00 Section D Household Income Limit Table1 Number of household members Household income limit 1 2 3 4 $52,745 $60,280 $67,815 $75,350 Number of household members 5 6 7 8 or more Household income limit $82,885 $90,420 $97,955 $105,490 Source: U.S. Department of HUD, “HUD Program Income Limits,” available at www.huduser.org. 1 Refund Options: Mark one refund choice: Direct Deposit. To have your refund deposited to your Routing Number OR Direct deposit checking OR Paper check savings account, fill in oval and enter bank routing and account numbers. See instructions. Account Number Lower Income Long-Term Homeowner Credit What is the Lower Income Long-Term Homeowner Credit? This credit gives you a refund (if you have no outstanding DC government liabilities) from DC individual income tax for certain DC real property taxes imposed. Subtract the amount that equals 1.05 of the real property tax imposed for tax year 2022 from the real property tax imposed for tax year 2023. The difference is your potential refund. Who is eligible? A person claiming the credit must own, and have had real property taxes imposed on, a DC residence in which he/she has lived as a principal residence for at least seven consecutive years immediately prior to the last day of the tax year. Do not file Schedule L if your household income is more than the limit shown in the Section D Household Income table for the number of members of your household. • Note: The credit is available only for real property or a unit in a cooperative housing association receiving the homestead deduction. There is only one credit allowed per household. • If you are a member of or a shareholder in a housing cooperative which is receiving the homestead deduction for your unit fill in the “Yes” ovals on Lines 1 and 2, Section A. If your answer is “Yes” to Line 3 in Section A, contact your housing cooperative’s manager to determine the correct entries for Section B, Lines 7 and 8 based on your portion of the real property tax imposed on the entire housing Revised 08/2023 cooperative property. Keep in your records any documentation given to you by your housing cooperative’s manager. What is total household federal adjusted gross income? In Section B, you must report the federal adjusted gross income of every member of your household, including any income not subject to DC income tax. To help you complete this calculation, obtain the federal adjusted gross income figure from all members of the household and total it in Section C. Household members are all the people you live with whether or not they are related to you. For example, if you live in a house where you share the kitchen and bathroom with one or more persons, they are household members. If you rent out part of your house and share the kitchen and bath with a tenant, you must report the tenant’s federal adjusted gross income as part of the total household income. When is Schedule L due? • The 2023 Schedule L must be filed by December 31, 2024. How do you claim the credit? • Complete the property owner’s information and Sections A, B and C. • Report the federal adjusted gross income of every member of your household. • Mail this schedule to the Office of Tax and Revenue, 1101 4th Street, SW FL4, Washington, DC 20024.
Schedule L
More about the District of Columbia Schedule L Individual Income Tax Tax Credit TY 2023
We last updated the Lower Income Long-Term Homeowner Credit in February 2024, so this is the latest version of Schedule L, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule L directly from TaxFormFinder. You can print other District of Columbia tax forms here.
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TaxFormFinder has an additional nineteen District of Columbia income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form D-40B | Nonresident Request for Refund |
| Form D-40 | Individual Income Tax Return and Instructions Booklet |
| Form D-40ES | Estimated Payment for Individual Income Tax |
| Form FR-127 | Extension of Time to File Voucher |
| Schedule H | Homeowner / Renter Property Tax Credit (HRPTC) |
View all 20 District of Columbia Income Tax Forms
Form Sources:
District of Columbia usually releases forms for the current tax year between January and April. We last updated District of Columbia Schedule L from the Office of Taxpayer Revenue in February 2024.
Schedule L is a District of Columbia Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of District of Columbia Schedule L
We have a total of ten past-year versions of Schedule L in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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