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Rent or Mortgage. You should expect to spend between 25 to 30 percent of your net income each month on rent or mortgage. Landlords and property managers typically require you to make at least 2.5 to three times the rent to qualify as a tenant.
For purposes of the renters refund, 17 percent of the rent you paid in 2015 is considered to be for property tax. The maximum renters refund for 2015 is $2,050. The information below will help you determine if you qualify and how to claim a refund.