Tax Relief and Tax Credits Individual Income Tax Credit The Individual Income Tax Credit reduces the DC individual income tax liability of eligible homeowners and renters by up to $750. If your household's total income is $20,000 or less, you may be eligible. To apply, file a Schedule H (Property Tax Credit Form) with your Form D-40 (Individual Income Tax Return). These forms are available in Tax Forms/Publications under Individual Income. For more information, please call or visit the Customer Service Center.