Wisconsin DOR Issues Updated Individual Income, Property Tax Fact Sheet on Homestead Credit

The Wisconsin Department of Revenue (DOR) March 1 issued an updated fact sheet on the homestead credit program for individual income and property tax purposes. The program is designed to reduce the impact of property taxes and rent on persons with lower incomes. Taxpayers must file a credit claim using Schedule H or Schedule H-EZ. The fact sheet includes information on: 1) the qualifications to claim the credit; 2) instances when a taxpayer may file Schedule H-EZ; and 3) the credit computation based on the relationship of household income to the amount of property taxes levied and rent paid. The ...