My state (WI) allows a 12% credit (of up to $300) per year for property taxes paid on a personal residence.
My new customers are an older same sex couple (not married / filing single returns) that are shown as joint owners on their property tax statement.
In the past, only one of them has claimed the full $300 credit each year on their return. Neither itemizes deductions & use different tax preparers.
Since they are unmarried but each own 1/2 of their residence I'm wondering why they wouldn't each be able to claim the $300 credit on their WI return.
The property taxes they pay (nearly $6,000) would be enough to support the full amount of credit for each, if each uses their 1/2.
Checked with Wisconsin Dept of Revenue this A.M. & asked about this by phone. They seemed to say under these circumstance $300 ea. would be O.K.
Wondering how other preparers feel about this situation or if they have run across this before.
Thanks for comments.
My new customers are an older same sex couple (not married / filing single returns) that are shown as joint owners on their property tax statement.
In the past, only one of them has claimed the full $300 credit each year on their return. Neither itemizes deductions & use different tax preparers.
Since they are unmarried but each own 1/2 of their residence I'm wondering why they wouldn't each be able to claim the $300 credit on their WI return.
The property taxes they pay (nearly $6,000) would be enough to support the full amount of credit for each, if each uses their 1/2.
Checked with Wisconsin Dept of Revenue this A.M. & asked about this by phone. They seemed to say under these circumstance $300 ea. would be O.K.
Wondering how other preparers feel about this situation or if they have run across this before.
Thanks for comments.
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