Vermont Tax Department Releases Revised Publication Providing Tax Information for Homeowners Subject to Housing Subsidy Covenant

The Vermont Department of Taxes released a revised publication providing guidance for owners of housing subject to a subsidy covenant who occupy the property. It details the requirement to annually file the Homestead Declaration (Form HS-122, Section A) by April 15 and the optional Property Tax Credit Claim (Form HS-122, Section B) for qualifying homeowners with household income under $115,000 in 2024. Specific information needed for each form is outlined, such as house site value, education and municipal taxes, household income, allocated taxes from housing trusts, and mobile home lot rent where applicable. [Vt. Dep’t of Taxes, Publ’n No. FS-1069, ...