Four Tips to Avoid Mistakes in Tax Credit Calculations
A key aspect of your job as a tax credit manager is performing calculations. For instance, you must perform calculations to correctly determine whether a household is eligible to occupy a low-income unit, how much rent you can charge, and how many low-income units you need to set aside at your site. When performing these calculations, it’s easy to make mistakes. And because the tax credit program requirements are very precise, even one small mistake can cost the owner its tax credits.