Form Mo-Ptc - Missouri Book Property Tax Credit Claim

Attach a copy of Forms SSA-1099, a letter from the

tax receipt(s) only. Do not include special assess-

ments (sewer lateral), penalties, service charges, and

Social Security Ad min is tra tion, a letter from Social

interest listed on your tax receipt. You can only claim

Services that includes the total amount of assistance

the taxes on your primary residence that you occupy.

received, and Em ploy ment Security 1099, if applicable.

Secondary homes are not eligible for the credit.

If you submit more than one receipt from a city or

Helpful Hints

county for your residence, please submit a letter of

• S upplemental security income (SSI) is paid by the

explanation.

Social Security Administration. You have to request

Your home or dwelling is the place in which you

an SSI form indicating total benefits received from

reside in Missouri, whether owned or rented, and

your local social security office. The form should

the surrounding land, not to exceed five acres, as

be stamped or signed by the Social Security

is reasonably necessary for use of the dwelling as a

Administration. If you have minor children who

receive SSI benefits, the children do not qualify for

home. A home may be part of a larger unit such as

a credit. However, if you qualify for a credit you

a farm or building partly rented or used for business.

must include the children’s SSI benefits on Line 5.

If you share a home, report only the portion of real

• I f you receive temporary assistance from the

estate tax that was actually paid by you. If you sold or

Children’s Division (CD) or the Family Support

bought your home during the year, attach a copy of

Division (FSD), you must include all cash

the seller’s/buyer’s agreement to your claim.

benefits received for your entire household. The

Helpful Hint

Department of Revenue verifies this information

and failure to include total benefits may delay your

Real estate tax paid for a prior year cannot be claimed

refund.

on this form. To claim real estate taxes for a prior

year, you must file a claim for that year.

LINE 7 — FILING STATUS

If your home or farm has more than five acres or you

DEDUCTION

own a mobile home and it is classified as personal

Use your filing status to determine the deduction

property, a Form 948 Assessors Certification must

amount that will be entered on Line 7. If your filing

be attached with a copy of your paid personal or

status is Single or Married Living Separate, you will

real property tax receipt. If you own a mobile home

and it is classified as real property, a Form 948 isn’t

enter $0 on Line 7.

needed. In such cases, you can claim property tax for

If your filing status is Married and Filing Combined,

the mobile home and rent if applicable, for the lot.

see below to determine the amount you will enter on

The maximum combined credit is $1,100. A credit

Line 7.

will not be allowed for vehicles listed on the personal

• I f you OWNED and OCCUPIED your home for the

property tax receipt.

ENTIRE YEAR, enter $4,000 on Line 7.

If you use your home for business purposes, the

• I f you RENTED or did not own your home for the

percentage of your home that is used for business

ENTIRE YEAR, enter $2,000 on Line 7.

purposes, must be subtracted from your real estate

taxes paid. If you need to use a Form 948 to

LINE 8 — NET HOUSEHOLD INCOME

calculate the amount of real estate tax, you must

subtract the percentage of your home that is used for

Subtract Line 7 from Line 6 and enter amount on Line

business purposes from the allowable real estate taxes

8. See below to make sure you are eligible for the

paid calculated on the Form 948.

credit.

Example: Ruth has 10 acres surrounding her house.

• I f you OWNED AND OCCUPIED your home for

She needs to use a Form 948, because she is only

the ENTIRE YEAR, the amount you enter on Line 8

entitled to receive credit for 5 acres. By her calcula-

cannot exceed $30,000. If the amount of your net

tions, she enters $500 on Form 948, Line 6. Ruth

household income on Line 8 is above $30,000,

also uses 15 percent of her house for her business.

you are not eligible for the credit.

She will multiply $500 by 85 percent and put this

• I f you RENTED or did not own and occupy your

figure ($425) on Form MO-PTC, Line 9.

home for the ENTIRE YEAR, the amount you enter

on Line 8 cannot exceed $27,500. If the amount

Helpful Hint

of your net household income on Line 8 is above

If you own your home and other adults (other

$27,500, you are not eligible for the credit.

than your spouse) live there and pay rent, the

LINE 9 — OWN YOUR HOME

rent must be claimed as income.

If you owned and occupied your home, include the

amount of tax you paid on your 2011 real estate

Form Mo-Ptc - Missouri Book Property Tax Credit Claim - 2011 Page 6

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