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Form 5330 online Fayetteville North Carolina: What You Should Know
Fayetteville North Carolina Department of Revenue. It is also a required step in getting a tax refund. This tax help is offered by the North Carolina Low Income Energy Assistance Program or low income energy assistance program, also referred to as LIE. This tax help is a one time payment to help individuals and families to pay their heating bills. The payment of the LIE tax assistance is required to help those households that are considered “economically vulnerable”. The LIE program helps people in North Carolina who are in poor health condition, those who are elderly, people with significant medical conditions (diabetes, asthma, heart disease, stroke, etc…) Those households have no other form of income or savings. The LIE payment assists persons who cannot pay their heating bills with money from the program. This funding will help those households to be able to provide heating and cooling services for a period of six (6) months each year. The monthly payment amount is based on each household's annual income and the number of persons in the household and their net worth. The amount of this subsidy is a monthly rate that is adjusted yearly based on current LIE program resources. How to qualify for LIE? First, you have to be unable to pay your home heating and cooling bills. Second, you have to have a high amount of a specific asset (like a boat or an RV) that you are using only for heat. There are three kinds of income to qualify for LIE. First, a household that is receiving Supplemental Security Income (SSI). Second, a household that is receiving Temporary Assistance for Needy Families (TANK). Third, a household that is getting General Assistance. LIE can only be used for the heating and cooling of a qualifying home. The following is a breakdown of all the ways you can become eligible for LIE: 1. If you are a Senior (65 years of age or older) 2. You own a home that was manufactured before 1970. 3. You are a child under the age of 18. 4. Furthermore, you are mentally handicapped. Furthermore, you can only be eligible for this tax credit if you are able to support yourself financially with your housing (and/or heating) expenses. If you are disabled and cannot afford to pay your home heating and cooling bills, you can still be awarded this tax credit, but you must prove that you are able to support yourself with the tax credit and the home heating income. 5.
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