Vermont 2010: Property Tax Adjustment Claims and Rental Rebate Credits
Vermont taxpayers may claim a Renter’s Rebate credit on their state tax return and/or file a Property Tax Adjustment claim. Both the credit and the adjustment claimed are based on household income.
Certain Vermont taxpayers with business income may have an incorrect Renter’s Rebate credit on their Vermont tax return and/or filed an incorrect Property Tax Adjustment claim.
TurboTax has fixed this issue.
How to tell if you may be impacted
You may be affected if ALL of the following are true:
- You filed your Vermont tax return prior to February 12, 2011 AND
- Your federal tax return included a "One-half of self-employment tax deduction" (see Form 1040, line 27) AND
- You were eligible for either the Vermont Renter’s Rebate credit (See Form IN-111, line 31d) and/or filed the Vermont Property Tax Adjustment claim (Form HS-145.)
If you are affected, you may have overpaid your state tax and/or your Property Tax Adjustment claim may be incorrect. You will need to amend your state tax return.
If you need to contact us, please use the phone number in the email from TurboTax and tell the representative you’re calling about the Vermont: Renter’s Rebate/ Property Tax Adjustment.
Let us do the work for you. We highly recommend this
- Please download and print this Authorization Form.
- Complete the form and fax it to us at the number printed at the top of the form.
- A TurboTax representative will contact you (within 15 days) when your corrected return is ready to be securely emailed back to you.
- You can print, sign and mail the corrected return to the Vermont Department of Taxes.
Or you can make the corrections yourself. However, the amend process can be complex.
- To do it yourself, please follow these step-by-step instructions.
- After you make the changes to your tax return, you will need to mail a copy to Vermont.
- If you need assistance, call us at the phone number in the TurboTax email.
