How To Calculate Low Income Housing Tax Credit Income

Low income housing tax credits (LIHTC) play a crucial role in providing affordable housing to low-income families. Understanding how to calculate your eligibility for these credits is essential…

1. Enter your annual income in the ‘Annual Income’ field.
2. Select your household size from the ‘Household Size’ dropdown.
3. Click the ‘Calculate’ button.

The calculation is based on the federal poverty guidelines. The formula is: Income / (Household Size * Poverty Guideline). If the result is less than or equal to 1, you may qualify for LIHTC…

Federal Poverty Guidelines for 2021

Household Size	Guideline

LIHTC Income Limits for 2021

Household Size	Income Limit

• Always check the latest federal poverty guidelines and LIHTC income limits.
• Consult with a tax professional or housing authority for personalized advice.

What if my income changes mid-year?

You can still apply for LIHTC, but you’ll need to adjust your application based on your annual income.

For more information, see the HUD LIHTC program and the IRS LIHTC guide.