Form Mo-1040p - Missouri Individual Income Tax Return And Property Tax Credit Claim/pension Exemption - 2014 Page 14
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your home used in the production
Add the totals from Line 9 on all Forms
InE
otAl
EAl
MO-CRP completed, and enter the
of income, and the rent paid for sur-
E
t
/R
P
stAtE
Ax
Ent
AId
amount on Line 12, or $750, which-
rounding land with attachments not
Add amounts from Form MO-PTS,
ever is less. Attach rent receipt(s) or
necessary nor maintained for home-
Lines 11 and 12 and enter amount on
a signed statement from your land-
stead purposes. Also, exclude any
Line 13, or $1,100, whichever is less.
lord for any rent you are claiming,
rent paid to your landlord on your
Example: Ester owns her home for
along with Form MO-CRP. The rent
behalf by any organization or agency.
receipt(s) or statement, must be signed
three months and pays $100 in property
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by the landlord and include his or her
taxes. For nine months she rents an
tax identification or social security
If you were a resident of a nursing
apartment and pays $4,000 in rent.
number and phone number. Copies of
home or boarding home during 2014,
The amount on Line 9 of the MO-CRP
cancelled checks (front and back) will
is $800 ($4,000 x 20%). Form MO-PTS,
use the applicable percentage on Line
be accepted if your landlord will not
7. If you live in a hotel and meals
Line 11, is $100; Line 12 is $750; and
provide rent receipts or a statement.
are included in your rent payment,
Line 13 is $850. The $800 for rent is
enter 50 percent; otherwise enter 100
limited on Line 12 to $750.
Helpful Hint
percent. If two or more unmarried
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14 — P
InE
RoPERty
If you receive low income housing assis-
individuals over 18 years of age share
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C
tance the rent you claim may not exceed
Ax
REdIt
residence and each pay part of the
40 percent of your income. Please claim
Apply Lines 10 and 13 to the
rent, enter the total rent on Form
only the amount of rent you pay or your
Property Tax Credit Chart on pages 29-31
refund will be delayed or denied.
MO-CRP, Line 6 and mark the appro-
to determine the amount of your
priate percentage on box G of Line 7.
prop er ty tax credit and enter amount on
the rent receipt is for the total rent
You cannot claim returned check fees,
Line 14. If you have another income
amount, then the percentage on box
late fees, security and cleaning de posits,
tax or property tax credit liability, this
G of the Form MO-CRP must be used
or any other deposits. If your gross rent
property tax credit may be applied to
paid exceeds your household in come,
to determine your credit.
that liability in accordance with Section
you must attach a detailed statement
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143.782, RSMo. You will be notified if
explaining how the additional rent was
Multiply Line 6 by the percentage on
your credit is offset against any debts.
paid or the claim will be denied.
Line 7. Enter this amount on Form
Information to Complete
MO-CRP, Line 8.
Helpful Hint
Form MO-CRP
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Your property tax credit is figured by
comparing your total income received
If you rent from a tax exempt
Multiply Line 8 by 20 percent and
to 20 percent of your net rent paid
enter the result on Line 9. Add the
facility, you do not qualify.
or real estate tax paid. To make the com-
totals from Line 9 on all completed
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parison and determine your credit, use
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Forms MO-CRP and enter the amount
the 2014 Property Tax Credit Chart on
Enter all information requested on
on Line 12 of MO-PTS.
pages 29 through 31. Lines are provided
Lines 1–5. If rent is paid to a relative,
on the chart to help you figure this amount.
the relationship to the landlord must
Example: Ruth paid $1,200 in real estate
Helpful Hints
be indicated on Line 1. Your claim
tax and her total household income
• An apartment is a room or suite of
may be delayed if you fail to enter all
was $15,000. Ruth will apply her tax
rooms with separate facilities for
required information.
paid and her total household income
cooking and other normal household
to the chart to figure out her credit amount.
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functions.
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Even though Ruth paid $1,200 in real
• A boarding home is a house that
Enter on Line 6 the gross rent paid.
estate tax, she is only allowed to take a
provides meals, lodging, and the
Exclude rent paid for any portion of
credit of $1,100. Ruth will use $1,100
residents share common facilities.
as tax paid and her total household
Diagram 1: Form W-2
income of $15,000 to make the com-
parison. When using the chart, Ruth
finds where $15,000 and $1,100 “meet”
to figure her credit. The two numbers
“meet” on the chart where the credit
amount is $1,059. Ruth will get a $1,059
credit for the real estate tax she paid.
If you have the same address as your
Earnings Tax
Missouri Taxes Withheld
landlord, please verify the number of
occupants and living units.
2014
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