Form Mi-1040cr2 - Michigan Homestead Property Tax Credit Claim For Veterans And Blind People Instructions - 2013 Page 10
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12DECEASED TAXPAYER CHART OF EXAMPLES
(See instructions, page 5.)
D. Joint Filers with Personal Representative
A. Joint Filers with Surviving Spouse
1. Filer’s First Name
M.I.
Last Name
1. Filer’s First Name
M.I.
Last Name
John
A
Brown
DECD
John
A
Brown
EST OF
If a Joint Return, Spouse’s First Name
M.I.
Last Name
If a Joint Return, Spouse’s First Name
M.I.
Last Name
Jane
C
Brown
Jane
C
Brown
EST OF
Home Address (No., Street, P.O. Box or Rural Route)
B. Single Filer with Personal Representative
Sam W. Jones
REP
123 Main St.
1. Filer’s First Name
M.I.
Last Name
John
A
Brown
EST OF
E. Joint Filers with Claimant
If a Joint Return, Spouse’s First Name
M.I.
Last Name
1. Filer’s First Name
M.I.
Last Name
John
A
Brown
DECD
Home Address (No., Street, P.O. Box or Rural Route)
If a Joint Return, Spouse’s First Name
M.I.
Last Name
Sam W. Jones
REP
123 Main St.
Jane
C
Brown
DECD
Home Address (No., Street, P.O. Box or Rural Route)
Sam W. Jones
CLAIMANT
123 Main St.
C. Single Filer with Claimant
1. Filer’s First Name
M.I.
Last Name
John
A
Brown
DECD
If a Joint Return, Spouse’s First Name
M.I.
Last Name
Home Address (No., Street, P.O. Box or Rural Route)
Sam W. Jones
CLAIMANT
123 Main St.
TABLE 2 - VETERANS AND BLIND STATUS AND TAXABLE VALUE ALLOWANCE (TVA)
Percent of
Filing Status
Disability
TVA
A. Blind (if each spouse is blind, the TVA is $7,000) ....................................................................................................$3,500
B. Veteran with service-connected disability (or his or her surviving spouse) .........................
10 - 50%.................3,500
60 - 80% ................4,000
90 - 100% ................4,500
C. Surviving spouse of veteran deceased in service .........................................................................................................4,500
D. Active military, pensioned veteran, or his or her surviving spouse .............................................................................3,500
E. Surviving spouse of a nondisabled or nonpensioned veteran of the Korean War, World War II, or World War I .......2,500
CREDIT COMPUTATION EXAMPLES
To calculate your credit, first divide the allowance from
millage rate. For example, you are a pensioned veteran and
Table 2 above by the taxable value of your homestead. The
rent your home for $395 per month. Your local assessor
result is a percentage (not to exceed 100%). Multiply this
tells you the non-homestead rate for your home is 56 mills
percentage by the property taxes levied on your homestead
(0.056 or $56 for every $1,000 of taxable value). Compute
to arrive at your credit (maximum $1,200).
the credit as follows:
Homeowner’s Example: You are a 90 percent disabled
$395 monthly rent x 12 = $4,740 yearly rent
veteran, age 66, with total household resources of $20,000.
$4,740 x 0.20 = $948 taxes attributable to rent
Your home has a taxable value of $15,000 and the property
$948 / 0.056 (non-homestead rate) = $16,929 (taxable
tax is $750. As a disabled veteran your taxable value
value)
allowance (TVA) from Table 2 above is $4,500. Compute
$3,500 TVA (from Table 2) / $16,929 (taxable value) =
the credit as follows:
20.67% (0.2067) refundable
$4,500 TVA (from Table 2) / $15,000
$948 property taxes x 0.2067 = $196 credit
30% refundable (0.30)
Note:
$750 property taxes x 0.30 = $ 225 credit
• Blind people who rent their homestead do not qualify
Renter’s Example: The taxable value of the rented
for credit on MI-1040CR-2 and should file as blind and
homestead is determined by multiplying your rent by
permanently disabled persons on MI-1040CR.
20 percent and dividing the result by the non-homestead
• Contact your local assessor for the non-homestead rate.
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