Looking for a Michigan Tax Forms And Templates? Download it for free!

Line 15: Add the amounts from:

return as head of household or qualifying widow(er), you must

file the property tax credit as single.

• U.S. Schedule C (Profit or Loss from Business).

• Part II (Ordinary Gains and Losses) of the U.S. Form 4797.

Same-Sex Couples Filing a Joint Federal Return. Same-

• Part II (Income or Loss from Partnerships and S

sex couples who file a joint federal income tax return must

continue to file separate income tax returns for Michigan

Corporations) and Part III (Income or Loss from Estates

with each individual using the single filing status. Michigan

and Trusts) of the U.S. Schedule E.

has defined marriage in the Michigan Constitution as a

• U.S. Schedule F (Profit or Loss from Farming).

union of one man and one woman.

• Include income items reported as a distributive share.

Each individual who has income attributable to Michigan

If the total is negative, enter “0.” Include amounts from

and who has filed a joint return with the IRS as a same-sex

sources outside Michigan. Attach the above federal

couple should separately report adjusted gross income (AGI)

schedules to your claim.

for Michigan income tax as a single filer. Each individual

Line 16: Add the amounts from:

should recalculate their federal adjusted gross income as

• Part 1 (Income or Loss from Rental Real Estate and

if they had filed a single federal return, and be aware that

Royalties) of the U.S. Schedule E.

filing as single may affect the filer’s eligibility for Michigan

tax credits as well. Additional information can be found on

• Part IV (Income or Loss from Real Estate Mortgage

Treasury’s Web site.

Investment Conduits (REMIC)) of the U.S. Schedule E

(rents, royalties).

Line 6: Residency. Check the box that describes your

Michigan residency for 2013. If you and your spouse had

If the total is negative, enter “0.” Include amounts from

a different residency status during the year, check a box

sources outside Michigan. Attach these schedules to your

for each of you. If you checked box c, enter the dates of

claim.

Michigan residency in 2013.

Line 17: Enter all annuity, retirement pension, and

Line 7b: Enter the percent of disability as determined by the

individual

retirement

account

(IRA)

benefits.

This

Veteran Administration.

should be the taxable amount shown on your U.S. Form

1099-R. If no taxable amount is shown on your U.S. Form

Property Tax and Total Household Resources

1099-R, use the amount required to be included in AGI. Enter

If you bought or sold your home or if you are a part-year

“0” if all of your distribution is from your contributions

resident, go to Part 1, page 2 of MI-1040CR-2. Renters: go to

made with income previously included in AGI. Include

Part 3, page 2 of MI-1040CR-2.

reimbursement payments such as an increase in a pension

Include all taxable and nontaxable income you and your

on pay for Medicare charges. Also include the total amount

spouse received in 2013. If your family lived in Michigan

of any lump sum distribution including amounts reported

and one spouse earned wages outside Michigan, include

on your U.S. Form 4972. Do not include recoveries of after-

the income earned both in and out-of-state in your total

tax contributions or amounts rolled over into another plan

household resources. (See “Who May Claim a Property Tax

(amounts rolled over into a Roth IRA must be included to the

Credit” and “Total Household Resources” on page 3.)

extent included in AGI).

Line 9: If you own your homestead, enter the taxable value

You must include any part of a distribution from a Roth

of your homestead from your 2013 property tax statement or

IRA that exceeds your total contributions to the Roth

assessment notice. If the taxable value of your homestead

IRA regardless of whether this amount is included in AGI.

is greater than $135,000, STOP; you are not eligible for

Assume that all contributions to the Roth IRA are withdrawn

the homestead property tax credit. If you do not know

first. NOTE: Losses from Roth IRAs cannot be deducted.

your taxable value, contact your local treasurer.

Line 18: Enter net capital gains and losses. This is the total

If you rent your homestead, you must complete Part 2 to

of short-term and long-term gains, less short-term and long-

determine the taxable value of your homestead. You will need

term losses from your U.S. Schedule D (losses cannot exceed

to know the total millage rate levied by your city or township.

$3,000 if single or married filing jointly or $1,500 if married

If you do not know the rate, contact your local treasurer.

filing separately). Include gains realized on the sale of your

residence whether or not these gains are exempt from federal

Line 10: Read “Property Taxes That Can Be Claimed for

income tax.

Credit” on page 4 before you complete this line.

Line 19: Enter alimony received and other taxable income.

Line 11: Divide your taxable value allowance by the taxable

Describe other taxable income. This includes: awards,

value of your home to determine your percentage of tax relief

prizes, lottery, bingo, and other gambling winnings over

(cannot exceed 100%). See example on page 10.

$300; farmland preservation tax credits if not included in

Line 13: Enter

all

compensation

received

net farm income on line 16; and forgiveness of debt to the

employee. Include strike pay, supplemental unemployment

extent included in federal AGI (e.g., mortgage foreclosure).

benefits (SUB pay), sick pay, or long-term disability

Line 20: Enter your Social Security, Supplemental Security

benefits, including income protection insurance, and

Income (SSI), and/or Railroad Retirement benefits. Include

any other amounts reported to you on Form W-2.

death benefits and amounts received for minor children

Line 14: Do not include business dividend and interest

or other dependent adults who live with you. Report the

income reported as a distributable share on Form K-1. See

amount actually received for the year. Medicare premiums

line 15 instructions.

Form Mi-1040cr2 - Michigan Homestead Property Tax Credit Claim For Veterans And Blind People Instructions - 2013 Page 7

Related Articles

Related forms

Related Categories