'Teen Wolf' Season 5: California tax credits spill the renewal news early

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"Teen Wolf" Season 5 isn't official yet on MTV, but the California tax credit program may have leaked a renewal earlier than the network wanted. With only a couple of Season 4 episodes aired, the fifth season has received a large tax credit, indicating that the show will go on.

Variety first broke the news that "Teen Wolf" Season 5 would receive the largest tax credit allocation -- $11.5 million -- from the California Film and Television Tax Credit program for the 2014-2015 fiscal year. With this money, the MTV horror show tops 25 other TV series and film projects in receiving funds.

"Teen Wolf" relocated to California from Georgia after its first season in 2012, which may account for the strong position within the program. The tax credits are expected to account for nearly one-quarter of the show's seasonal budget. Below "Teen Wolf" in the tax-credit ranking are "Rizzoli & Isles" and "Major Crimes," both shows that air on TNT.

Almost 500 projects vied for the 26 selected projects, which include 13 TV series. MTV has made no comment on when or if "Teen Wolf" will return for a fifth season. But with this money set, there's a good chance a renewal announcement could come soon.

"Teen Wolf" Season 4 airs Mondays at 10 p.m. ET/PT on MTV.

Photo/Video credit: MTV