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Applications for the Low and Moderate Assets Homeowners Property Tax Abatement affairs due June 30; accouterment allows for added time to accommodate federal tax return



CONCORD, NH – The New Hampshire Department of Acquirement Administration (NHDRA) is accepting applications for its Low and Moderate Assets Homeowners Property Tax Abatement affairs through June 30, 2020.



NHDRA broadcast added than $1.1 actor through this tax abatement affairs aftermost year, and added than $44 actor in absolute back the Low and Moderate Assets Homeowners Property Tax Abatement affairs launched in 2002.

Applicants are appropriate to abide their alone assets tax allotment with the application. However, accustomed the federal July 15 extension, some may not acquire filed their federal acknowledgment by the June 30 Low and Moderate Assets Homeowners Property Tax Abatement affairs deadline.

An absolute accouterment allows NHDRA to acquire backward applications, if complete, until November 1 if the Commissioner believes the alone was prevented from commutual his or her appliance in assertive circumstances.

NHDRA is advancement individuals to abide their applications by June 30. If an appellant has not yet filed his or her federal tax acknowledgment by that date, NHDRA still urges the alone to abide his or her abridged appliance by June 30, 2020 and abide the federal tax acknowledgment as anon as it is complete, but no after than November 1, 2020.

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“This abatement affairs was advised to abate the bread-and-butter accountability of the Accompaniment Education Property Tax on assertive at-risk taxpayers,” said NHDRA Commissioner Lindsey Stepp. “Our mission is to accommodate as abundant abutment as accessible to our taxpayers. This is abnormally accurate accustomed the accustomed COVID-19 bearings and we will abide to assignment with individuals to accomplish abiding those who authorize will get the abatement they calculation on.”

An acceptable appellant for Low and Moderate Assets Homeowners Property Tax Abatement is a being who is:

Single with adapted gross assets beneath than or according to $20,000; or

Married or arch of New Hampshire domiciliary with adapted gross assets beneath than or according to $40,000; and

Owns a address accountable to the Accompaniment Education Property Tax; and

Has resided in that address as of April 1, 2019.

The appliance anatomy (Form DP-8) is accessible on NHDRA’s website at www.revenue.nh.gov/forms/low-moderate.htm. Older versions of the anatomy will not be accepted.

Taxpayers with questions should alarm Taxpayer Services at (603) 230-5920, columnist alert 2, afresh alert 2 again.

NHDRA provided the afterward tips to homeowners because applying for the program:

Applicants are reminded that NHDRA is a accompaniment demanding bureau and cannot actuate an individual’s federal tax liability. If applicants are borderline whether they are appropriate to book federally, they may acquaintance the IRS at 1-800-829-1040.

If an appellant is not appropriate to book with the IRS, they should analysis the box on the Anatomy DP-8 advertence this.

Homesteads captivated in assurance charge additionally be absolute by acquiescence of the assurance document, but may still authorize for relief.

Residents who do not acquire internet admission may appeal Anatomy DP-8 by calling NHDRA’s Forms Line at (603) 230-5001.

Granite Accompaniment association can acquisition added advice about the Low and Moderate Assets Homeowners Property Tax Abatement affairs and analysis the cachet of their appliance on DRA’s website.

About the New Hampshire Department of Acquirement AdministrationThe New Hampshire Department of Acquirement Administration (NHDRA) is amenable for adequately and calmly administering the tax laws of the Accompaniment of New Hampshire. NHDRA collects about 80% of New Hampshire’s accepted taxes. During Fiscal Year 2019, NHDRA calm $2.15 billion in taxes, best of which went to the New Hampshire Accepted Fund and Education Assurance Fund. NHDRA additionally provides abetment to municipalities in budgeting, accounts and absolute acreage appraisal.

NHDRA administers and collects the afterward taxes at the accompaniment level: Business Enterprise Tax, Business Profits Tax, Communications Services Tax, Interest and Dividends Tax, Meals and Rooms Tax, Medicaid Enhancement Tax, Nursing Facility Quality Assessment, Tobacco Tax, Taxation of Railroads, Utility Property Tax, Absolute Acreage Transfer Tax; and the afterward taxes at the bounded level: Property Tax, Excavation Tax, Timber Tax. To apprentice added about NHDRA, amuse appointment www.revenue.nh.gov.

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Taxpayer Contact:NH Department of Acquirement Administration, Taxpayer Services (603) 230-5920

This adventure was originally appear by InDepth NH.

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Last Updated: May 7th, 2020 by admin
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