Create a refundable federal renter's tax credit for renters paying more than 30 percent of income toward rent, with the most immediate assistance for lower-income households.

A renter’s tax credit would supplement renters who are paying more than 30% of their income towards rent by providing a refundable credit. This refundable tax credit would be structured to provide the most immediate assistance to lower income households.

Schiff proposes a refundable renter tax credit targeted at rent-burdened households.

Housing and Homelessness Plan - Adam Schiff for Senate
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