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What is a renter's rebate?

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Quick Answer

A renter's rebate is a form of tax refund that renters can apply when they file their tax returns. The eligibility for this tax credit varies by state, but it usually depends on the renter's income.

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Full Answer

In Minnesota, renters may qualify for a renter's rebate known as Property Tax Refund. The rebate amount depends on the renter's income, number of dependents and the amount of property tax included in his rent. As of 2014, the state of Minnesota considers 17 percent of the rent as property tax, and the maximum renter rebate is $2,030. In Pennsylvania, a renter's rebate is available to renters who are 65 years old and older unless they are widows or widowers, in which case they can be only 50 years old or older. The rebate is also available to disabled renters who are 18 years old or older.

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