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If you are required to file a Michigan Individual Income Tax return MI-1040, submit the Michigan Homestead Property Tax Credit Claim MI-1040CR with your MI-1040. If you are not required to file an MI-1040, you may file the MI-1040CR by itself.
General Information - Homestead Property Tax Credit (MI-1040CR) The request for your Social Security number is authorized Property tax credit claims may not be submitted on under USC Section 42. Social Security numbers are used by behalf of minor children.
After subtracting the school operating tax from your property tax bill, you can claim 90% of the remaining property tax for the credit. How to compute your homestead property tax credit, if your P.R.E is between 1% and 99% P.R.E.
27 lip 2017 · Michigan taxpayers who wish to claim a homestead property tax credit must complete form MI-1040CR. Eligible filers had a homestead in Michigan, lived there for at least six months during the tax year and either own the home and pay property taxes or have a rental contract and pay rent.
Below, you'll find answers to frequently asked questions about the Michigan homestead property tax credit: How do you generate the Michigan property tax credit on Form MI-1040CR? Real estate taxes entered under Itemized Deductions will flow to line 10 of the MI-1040CR form.
When to File. If you are not required to file an MI-1040, you may file your credit claim as soon as you know your 2014 total household resources and property taxes levied in 2014. If you file a Michigan income tax return, your credit claim should be.
You should complete the Michigan Homestead Property Tax Credit Claim MI-1040CR to see if you qualify for the credit. The credit, for most people, is based on a comparison between property taxes and total household resources.
