Senior Citizens' Tax Credit

State

West Virginia

Year

2021

Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Credit

Benefit

Senior citizens eligible for the Homestead Exemption receive a refundable credit equal to the taxes on $20,000 of assessed value in excess of the Homestead Exemption.

How is Benefit Disbursed

Credit to the income tax bill

Eligible Property Type

Residential

Characteristics of Eligible Property

Only residential property is eligible for this program.

Eligibility Criteria

Age

Homeowner

Income Ceiling

Description of Eligibility Criteria

The refundable income tax credit eligibility is restricted to those who participate in the Homestead Exemption Program through the County Assessor’s office. An individual over the age of 65 is eligible if adjusted gross income 150% or less of the federal poverty guideline based upon the number of individuals in the family unit residing in the homestead, as determined annually by the United States Secretary of Health and Human Services. Income in 2020 for filing in 2021 is $19,140 for a single person household plus an addition $6,720 for each additional person in the household. Taxpayer required to pay the federal alternative minimum tax is not eligible.

Local Option in Adoption of Program

Local government is unable to exercise an option

Local Option Regarding Program Features

No local option regarding program features

State Funding for Local Tax Loss

State reimburses all of the local government tax loss

Record ID

WV102_RR21

Footnotes

Taxpayers must calculate the credit authorized in this section prior to calculating the refundable credit for taxes in excess of 4% of household income. The Senior Citizen Tax Credit and Homestead Excess Property Tax Credit are available to low-income taxpayers. Some taxpayers may qualify for both. A return must be filed in order to receive either of these refundable credits even if you are not required to file a federal return. If you recently received a WV/SCTC-1 in the mail from the West Virginia State Tax Department for the Homestead Exemption program administered at the county level, you may be entitled to claim a refundable state income tax credit.

Sources

W. Va. Code § 11-21-21 (in effect for 2021)
West Virginia State Tax Department Senior Citizen Tax Credit TSD-411
[https://tax.wv.gov/Documents/TSD/tsd411.pdf Accessed 04/24/2022]
View Archived Source

West Virginia State Tax Department Schedule HEPTC-1 for Homestead Excess Property Tax Credit (2020) for benefits received in 2021
[https://tax.wv.gov/Documents/TaxForms/2020/it140.schedule-HEPTC1.pdf Accessed 04/24/2022]
View Archived Source
West Virginia, State Tax Department, Senior Citizens Tax Credit
[https://web.archive.org/web/20210424054053/https://tax.wv.gov/Individuals/SeniorCitizens/Pages/SeniorCitizensTaxCredit.aspx Accessed 11/07/2023]
View Archived Source

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