Fp 31 2013-2025 Form
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People also ask 2021 fp 31
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What is the income limit for property tax credits in DC?
You must be a DC resident who owned a home, apartment, or condo and lived there during all of 2023. Your 2023 income must have been $61,300 or less ($83,700 or less if you are age 70 or older). You are not claimed as a dependent on someone else's tax return. The property you live in is subject to real property taxes.
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What is the exclusion for personal property tax in DC?
If the current value of the total personal property reported is $225,000 or less, no tax will be due. However, a return must still be filed even if there is no tax due.
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What is a DC FP 31?
The DC Personal Property Tax Return FP-31 is a critical annual requirement for individuals and businesses in the District of Columbia that own or use tangible personal property for business activities.
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Is there personal property tax on cars in DC?
(3) Any motor vehicle or trailer registered ing to subchapter I of Chapter of Title 50, except that special equipment mounted on a motor vehicle or trailer and not used primarily for the transportation of persons or property shall be taxed as tangible personal property as provided by law.
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What is the personal property tax threshold in DC?
If I'm below the $225,000 personal property value threshold, do I still have to file? Yes, even if your business's personal property is valued below the $225,000 threshold, you are still required to file a DC Personal Property Tax return.
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Who needs to file a DC personal property tax return?
Who Must File? Individuals, corporations, partnerships, executors, administrators, guardians, receivers, and trustees that own or hold personal property in trust in the District of Columbia must file a DC personal property tax return.
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Who needs to file a DC personal property tax return?
Who Must File? Individuals, corporations, partnerships, executors, administrators, guardians, receivers, and trustees that own or hold personal property in trust in the District of Columbia must file a DC personal property tax return.
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Who must file a DC nonresident return?
A taxpayer is considered a nonresident of DC if their permanent home was outside of DC for the entire year and they maintained a place of abode in DC for fewer than 183 days during the year. DC nonresidents are not required to file a DC return.
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