Form M1pr, Homestead Credit Refund (For Homeowners) (Page 2 of 2) in pdf

FINAL 10/3/16

201622

2016 M1PR, page 2

Schedule 1—

Special refund. To qualify, you must have owned and lived in this homestead both on

January 2, 2016, and on January 2, 2017. If you qualify, see the instructions.

1 8 Line 1 of Statement of Property Taxes Payable in 2017. If the Statement does not list an amount for

new improvements or expired exclusions, skip lines 19 and 20 and enter this amount on line 21 . . . 1 8

1 9 If the Statement lists an amount for new improvements or expired exclusions, complete

and enclose Worksheet 3 from the instructions and enter the percentage from step 3 here . . . . . 1 9

2 0 Multiply line 18 by the percentage on line 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 0

21 If you did not have new improvements or expired exclusions, enter the amount from line 18.

If you had new improvements or expired exclusions, subtract line 20 from line 18 . . . . . . . . . . .

2 2 From your Statement of Property Taxes Payable in 2017, enter the amount from

line 2 (2016 column). If there is no amount on line 2, see instructions . . . . . . . . . . . . . . . . . . . . . 2 2

2 3 Special refund (not your regular refund) from line 12 of your 2015 Form M1PR. . . . . . . . . . . . . . . 2 3

24 Subtract line 23 from line 22 (if result is more than line 21, or is a negative number

stop here; you are not eligible for the special refund) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 5 Subtract line 24 from line 21 (if result is less than $100,

stop here; you are not eligible for the special refund) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 5

2 6 Amount from line 24

X 12% (.12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 6

27 Amount from line 26 or $100, whichever is greater . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 8 Subtract line 27 from line 25 (if result is zero or less,

stop here; you are not eligible for the special refund) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 8

2 9 Multiply line 28 by 60% (.60) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 9

3 0 Special refund. Amount from line 29 or $1,000, whichever is less .

Enter the amount here and on line 12 of this Form M1PR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 0

Schedule 2—

Subtractions

31 Subtraction for 65 or older or disabled: If you (or your spouse if filing a joint return)

are age 65 or older or are disabled enter $4,050: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31

Mark an X if you or your spouse are:

65 or older:

disabled:

3 2 Dependent Subtraction: Enter your subtraction for dependents. (determine from instructions) . . 3 2

Number of dependents from worksheet in the instructions:

Names and Social Security numbers of dependents:

3 3 Retirement Account Subtraction: If you (or your spouse) contributed to a 401(k), IRA, 457(b),

or other retirement plan, or had an amount on line 3, see instructions . . . . . . . . . . . . . . . . . . . . . . 3 3

3 4 Add lines 31 through 33, enter the result here and on line 7 of this Form M1PR . . . . . . . . . . . . . . 3 4

3 5 Direct deposit of your refund

(you must use an account not associated with a foreign bank):

Account Type

Routing Number

Account Number

Checking

Savings

I declare that this return is correct and complete to the best of my knowledge and belief.

Paid preparer: You must sign below.

Your signature

Date

Paid preparer’s signature

Date

Spouse’s signature (if filing jointly)

Daytime phone

Daytime phone number

PTIN or VITA/TCE #

(

)

(

)

Renters — Include your 2016 CRP(s)

Mail to:

Minnesota Property Tax Refund

I authorize the Minnesota Department of Revenue to

St. Paul, MN 55145-0020

discuss this return with my paid preparer.

9995

Form M1pr, Homestead Credit Refund (For Homeowners) Page 2

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