Primary Residence Tax Credit for Homeowners – Are You Eligible?

Primary Residence Tax Credit in North Dakota: Secure Now!

North Dakotans to Claim Primary Residence Tax Credit: How to Apply?

According to Daily News, North Dakotans are strongly encouraged to seize a valuable opportunity for property tax relief through the Primary Residence Tax Credit. In the 2023 legislative session, the North Dakota Legislature introduced a new initiative that could potentially benefit around 206,000 residents offering up to $500 in tax relief. The sense of urgency is palpable as the deadline for applications approaches set for March 31.

Homeowners can easily apply by visiting the official website at https://www.tax.nd.gov/prc and providing their Social Security Number for identity verification along with the Property Parcel Number to identify their eligible property. If you require assistance both the Tax Department at 701-328-7988 and county auditors are on hand to assist with guiding and completing applications. The urgency of the situation is highlighted by the fact that as of February 27 a total of 101,035 residents have already submitted their applications. This underscores the critical importance of raising awareness and encouraging additional applications before the looming deadline.

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Primary Residence Tax Credit for Homeowners – Are You Eligible?. (NDACo)

North Dakota Legislature Enhances Tax Breaks Beyond Primary Residence Credit

Primary Residence Credit the legislature has broadened the scope of tax relief for North Dakotans. The Homestead Property Tax Credit initially designated for homeowners aged 65 or older or those with a permanent disability has now expanded to include individuals with an income of $70,000 or less. The Renter’s Refund provides individuals over 65 or with a permanent disability, and incomes of $70,000 or less, with a partial reimbursement on rent, capped at $400. When combined with significant state income tax relief, these measures contribute to a noteworthy $515 million in relief over the next two years. Almost 70% of this relief is specifically aimed at lowering tax brackets to achieve income tax reductions. The unequivocal call to action is to disseminate information about these essential tax relief programs, guaranteeing that all eligible North Dakotans can avail themselves of the benefits.

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