Function

• The federal government provides a rental tax relief for taxpayers who own a rental property and use it as their primary residence for at least two years before selling the home. As of 2009, taxpayers may receive tax-free earnings from the sale of their homes, with a limit up to $500,000 if filing jointly and $250,000 if filing as a single taxpayer.
  
  

Types

• As of 2009, Pennsylvania's tax relief program provides rebates for low-income senior citizens with household incomes under $30,000.
  
  

Benefits

• California's tax relief program provides a renter's personal income tax credit to offset the California taxpayer's tax liability. To qualify for the Nonrefundable Renter's Credit in 2009, the taxpayer must have an adjusted gross income of less than $34,412 if filing as a single taxpayer. The incomes of married or registered domestic partners filing jointly cannot exceed $68,824. Eligible renters must be responsible for paying at least half of the rent. Each eligible taxpayer receives $60.