CA Rent Tax Credits May Increase

home for rent

In California 44% of the population rent, and for those 17 million people most of the time their rent exceeds the 30% of income ratio.  

Currently the elected officials are considering a Tax Credit increase that would last for 5 years.  While it doesn't solve the high rents that are paid in CA it can offer a small amount of assistance to the folks that are really struggling to stay housed.  




​You can read in detail about the proposal in the LA Times in the article titled California’s renter tax credit has remained unchanged for 43 years. It could soon increase

Link to the article:  ​https://www.latimes.com/california/story/2022-04-10/california-renter-tax-credit-unchanged-for-43-years-lawmakers-might-soon-raise-it
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