MILLIONS of Americans have just a few days left to claim a $213 credit that would help offset the costs of property taxes.

Each year, Wisconsin offers a Lottery and Gaming credit that comes from the revenue generated by the state’s lottery.

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Applications for the credit are now open[/caption]

The lottery revenue includes track betting and bingo games.

For the 2022 tax year, nearly $320million is available for Wisconsin residents.

Residents have to apply for the credit, and the amount changes from year to year.

This year, the amount is estimated to be $213 on average, according to the state’s Department of Revenue

Last year, the credit was $229, and the year before that it was $166.

“The high average Lottery Credit this year is due to another very healthy year in the Wisconsin Lottery,” Peter Barca, secretary of the Wisconsin DOR said. 

“Strong sales pushed the average credit above $200 once again.”

WHO’S ELIGIBLE

To qualify, you must be a state resident and own a house or apartment as of January 1 for the year the credit is being claimed.

The dwelling must be your primary residence and can be claimed only once.

The following properties do not qualify for the credit:

  • Garages
  • Businesses
  • Vacant land 
  • Rental units
  • Other property not identified as the owner’s primary residence 

Those who do qualify must fill out an application by Tuesday, January 31.

“The treasurer will calculate the credit amount you should receive and either credits on your tax bill, or if you already paid the taxes, refund the credit to you,” the DOR said. 

If you miss the deadline, you can file a late application which must be sent to the DOR by October 1.

TAX RELIEF ACROSS THE COUNTRY

Just like Wisconsin, several states offer their own credits and rebates.

Applications just opened for Pennsylvania’s property tax and rent rebate.

Over 450,000 residents qualify for the rebate and can expect to get a check for anywhere from $650 to $975.

Tax rebates in Idaho will continue to go out throughout the month.

Residents who filed taxes in 2020 and 2021 are eligible for a rebate of either 10 percent of the tax amount on their 2020 income or $300.

On a federal level, there are several credits available for energy-efficient home improvements.

This opportunity comes from the Inflation Reduction Act, which allows for up to $10,000 in credit and rebates.

The credits will be equivalent to the full cost of the equipment up to a certain cap, according to Energy Star.

Before you file taxes, check your eligibility for these four tax credits ranging from $600 to $8,000.

Plus, see if you can claim these one-time payments between $450 and $1,500.

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