DC increases Homestead Deduction for second straight year
Per the DC Office of Tax and Revenue, in order to qualify for the deduction, the homeowners must:
- Submit an application with the Office of Tax and Revenue;
- Occupy the property, and the property must not contain more than 5 dwelling units (including the unit occupied by the owner); and
- Use the property as their principal residence
If the application is filed and approved between April 1 and September 30, the benefit will be granted for the second half tax bill of that year and all future tax years.
You can complete the new form online, or visit the Office of Tax and Revenue’s Homestead Deduction website link for additional information.