Create a refundable federal renter’s tax credit

Schiff proposes a refundable federal tax credit for renters who spend more than 30% of their income on rent. The credit would provide the most immediate assistance to lower-income households, addressing the difference he identifies between renters and homeowners who can deduct part of their mortgage payments.

Context: The proposal does not state the credit amount or further specify eligibility beyond the rent-to-income threshold.

In their own words

A renter’s tax credit would supplement renters who are paying more than 30% of their income towards rent by providing a refundable credit.

The source

Housing and Homelessness Plan

Published: Original date not established; campaign context manually checked
Retrieved: 11/11/2026