Instructions For Form Mi-1040cr - Homestead Property Tax Credit

PART 4: Renters

NOTE: If you are filing a part-year credit and the annualized

income is more than $41,000, use annualized total household

See “Rent That Can Be Claimed for Credit” on page 25.

resources to determine the percentage allowable in

Line 52: If you rented a Michigan homestead subject to

MI-1040CR Table B.

local property taxes, enter the street number and name, city,

landlord’s name and address, number of months rented,

MI-1040CR TABLE B:

rent paid per month, and total rent paid. Do this for each

HOMESTEAD PROPERTY TAX CREDIT PHASE OUT

Michigan homestead rented during 2013 and for each time

Total Household Resources

Percentage

rental amounts changed. If you need more space, attach an

additional sheet. Do not include more than 12 months’ rent.

$41,000 or less ...............................100% (1.00)

If you married during 2013, see page 26. Do not include

$41,001 - $42,000 ............................90% (0.90)

amounts paid directly to the landowner on your behalf by

$42,001 - $43,000 ............................80% (0.80)

$43,001 - $44,000 ............................70% (0.70)

a government agency, unless payment is made with money

$44,001 - $45,000 ............................60% (0.60)

withheld from your benefit. If you pay lot rent on your

$45,001 - $46,000 ............................50% (0.50)

mobile home, subtract the $3 per month property tax from

$46,001 - $47,000 ............................40% (0.40)

the total rental amount and enter this amount on line 10.

$47,001 - $48,000 ........................... 30% (0.30)

Claim the remaining balance of rent on line 53 and on line 11.

$48,001 - $49,000 ........................... 20% (0.20)

$49,001 - $50,000 ............................10% (0.10)

Line 54: If your housing costs are subsidized check box

$50,001 - above ..................................0%(0.00)

54a and enter the total amount of rent you paid on line 55

and on line 11. Do not include amounts paid on your behalf

by a government agency. Complete lines 12 through 44 to

Alternate Property Tax Credit for Renters Age 65

calculate your credit.

or Older

If you lived in Service Fee Housing, check box 54b and enter

If you are a senior renter age 65 or older you may qualify for

the amount of rent you paid on line 55 and 10 percent of the

the Alternate Property Tax Credit. Complete MI-1040CR

rent on lines 56 and 10 (as property taxes), and complete lines

Worksheet 4 to determine if you qualify.

13 through 44 to calculate your credit.

MI-1040CR Worksheet 4, Line B: Enter rent paid from

Line 57: If you lived in one of the special housing facilities

line 53 or, if you live in service fee housing, enter amount

identified, check the appropriate box and calculate your

from line 55. If you moved from one rental homestead to

prorated share of taxes. See “Rent That Can Be Claimed

another during the last two years (also see “If You Moved in

for Credit” and “Residents of Nursing Homes and Other

2013” on page 25), enter smaller of:

Adult Care Homes” on pages 25 and 27.

• The final month’s rent on your previous rented homestead

multiplied by 12 , or

• The actual rent paid from line 53 or line 55.

MI-1040CR WORKSHEET 3: FIP/DHS BENEFITS

A. Enter amount from line 27 (FIP and other DHS benefits) ..

B. Enter amount from line 33 (Total Household Resources) ...

C. Subtract line A from line B (if amount is a negative value,

enter “0”) ..................................................................................

D. Divide line C by line B and enter percentage here .............

E. If you checked box 5a, enter the amount from line 38.

If you checked box 5b, enter the amount from line 39.

All others, enter the amount from line 41 here (maximum

$1,200) .....................................................................................

F. Multiply line E by line D. If you are age 65 or older and

you rent your home, enter amount here and on line A of

Worksheet 4. Otherwise, enter here and on your

MI-1040CR, line 42 ................................................................

MI-1040CR WORKSHEET 4:

ALTERNATE PROPERTY TAX CREDIT FOR RENTERS AGE 65 AND OLDER

A. Enter amount from line 42 or line 44 if line 33 exceeds

$41,000, or if you received FIP/DHS benefits, enter the

amount from Worksheet 3, line F ..............................................

B. Enter rent paid from line 53 or line 55 .................................

C. Multiply amount on line 33 by 40% (0.40) and enter here ..

D. Subtract line C from line B. If line C is more than line B,

enter “0” ....................................................................................

E. Enter the larger of line A or line D here and carry amount

to your MI-1040CR, line 44 (maximum $1,200) ......................

Instructions For Form Mi-1040cr - Homestead Property Tax Credit - 2013 Page 8

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