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Friday, December 14, 2012 - 1:45AM

Novogradac & Company LLP's is pleased to announce that the Beta version of the Rent & Income Limit Calculator© has been updated to include the U.S. Department of Housing and Urban Development's (HUD’s) revised fiscal year 2013 rent and income limit data. The Rent & Income Limit Calculator© will calculate IRC Section 42(i)(3)(A) low-income housing tax credit (LIHTC) rent and income limits for every county and for every metropolitan statistical area (MSA) in the United States.

HUD originally released income limits for 2013 on Dec. 4, followed by a set of revised income limits on Dec. 11. The Rent & Income Limit Calculator© has been updated with the revised limits. The Rent & Income Calculator © assumes 2013 rent and income limits are effective Dec. 11, 2012, however this date is tentative pending IRS confirmation. The Beta version of the calculator is undergoing additional testing and results are subject to change. Please let us know if you find any errors or bugs in the 2013 limits.

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