Michigan Homestead Property Tax Credit Claim
Extracted from PDF file 2023-michigan-form-mi-1040cr.pdf, last modified November 2012Homestead Property Tax Credit Claim
Reset Form Michigan Department of Treasury (Rev. 10-23), Page 1 of 3 2023 MICHIGAN Homestead Property Tax Credit Claim MI-1040CR Amended Return Issued under authority of Public Act 281 of 1967, as amended. Attachment 05 Type or print in blue or black ink. 1. Filer’s First Name M.I. Last Name If a Joint Return, Spouse’s First Name M.I. Last Name 2. Filer’s Full Social Security No. (Example: 123-45-6789) 3. Spouse’s Full Social Security No. (Example: 123-45-6789) Home Address (Number, Street, P.O. Box). If using a P.O. Box, you must complete line 45. City or Town State ZIP Code 4. School District Code (5 digits) 5. Check the box(es) for which you or your spouse qualify (excluding dependents). If you qualify for both, see instructions. a. b. Age 65 or older; or an unremarried spouse of a person Deaf, blind, hemiplegic, paraplegic, quadriplegic, or who was 65 or older at the time of death. totally and permanently disabled. 6. 2023 FILING STATUS: 7. 2023 RESIDENCY STATUS: *If you checked box “c,” enter dates of Michigan residency in 2023. Check one. a. Single Check all that apply. a. Resident b. Married filing jointly b. Nonresident c. Married filing separately (Include Form 5049) c. Part-Year Resident * Enter dates as MM-DD-YYYY (Example: 04-15-2023). FILER SPOUSE FROM: 2023 2023 TO: 2023 2023 8. Homestead Status Check here if the taxable value of your homestead includes unoccupied farmland classified as agricultural by your local assessor. 9. Homeowners: Enter the 2023 taxable value of your homestead (see instructions). If you did not check box 8 above and your taxable value is greater than $154,400, STOP; you are not eligible. Farmers: enter the taxable value of your homestead, including eligible unoccupied farmland ............. 9. 00 10. Property taxes levied on your home for 2023 (see instructions) or amount from line 51, 56 and/or 57 10. 00 12. Multiply line 11 by 23% (0.23)................................................................................................................ 12. 00 13. Total. Add lines 10 and 12 .................................................................................................................... 13. 00 11. Renters: Enter rent you paid for 2023 from line 53 and/or 55 ............... 11. 00 TOTAL HOUSEHOLD RESOURCES. If filing a joint return, include income from both spouses. If married filing separately, you must include Form 5049. 14. Wages, salaries, tips, sick, strike and SUB pay, etc.......................... 15. All interest and dividend income (including nontaxable interest)...... 16. Net business income (including net farm income). If negative, enter “0” 17. Net royalty or rent income. If negative, enter “0”. .................... 18. Retirement pension, annuity, and IRA benefits. ................................. 19. Capital gains less capital losses (see instructions). ......................... 20. Alimony and other taxable income Describe: ___________________ 14. 00 15. 00 16. 00 17. 00 18. 00 19. 00 20. 00 21. Social Security, SSI, and/or railroad retirement benefits... 22. Child support and foster parent payments................... 23. Unemployment compensation. ...................... 24. Gifts received or expenses paid on your behalf. .............. 25. Other nontaxable income Describe: _______________ 26. Workers’/veterans’ disability compensation/pension benefits 27. FIP and other MDHHS benefits (Do not include food assistance) 28. SUBTOTAL. Add lines 14 through 27 ............................................................................. SUBTOTAL + 0000 2023 25 01 27 0 21. 00 22. 00 23. 00 24. 00 25. 00 26. 00 27. 00 28. 00 Continue on page 2. This form cannot be processed if pages 2 and 3 are not completed and included. 2023 MI-1040CR, Page 2 of 3 Filer’s Full Social Security Number 29. Enter subtotal from line 28.................................................................................................................... 29. 30. Other adjustments (see instructions). Describe: ________________________________________________ 30. 00 Medical insurance/HMO premiums you paid for you and your family 31. 00 (see instructions) ..................................................................................... 31. 00 32. Add lines 30 and 31.............................................................................................................................. 32. 33. TOTAL HOUSEHOLD RESOURCES. Subtract line 32 from line 29. If more than $67,300, STOP; you are not eligible for this credit. ..................................................... 33. 00 34. Multiply line 33 by 3.2% (0.032) or by the percent in Table 2 (see instructions). If negative, enter “0”. 34. 35. Subtract line 34 from line 13 and enter the amount here. If line 34 is greater than line 13, enter “0” and STOP; you are not eligible for this credit........................................................................................ 35. 00 00 00 PART 1: ALLOWABLE COMPUTATION Complete one of the sections below, either A, B, or C (see instructions). SECTION A: SENIOR CLAIMANTS (if you checked only box 5a) 36. Enter amount from line 35 ..................................................................................................................... 36. 37. Percentage from Table A (see instructions) that applies to the amount % on line 33 ................................................................................................ 37. 00 38. Multiply line 36 by line 37. Enter amount here and on line 42 (maximum $1,700) ................................ 38. 00 SECTION B: DISABLED CLAIMANTS (if you checked only box 5b, or both boxes 5a and 5b) 39. Enter amount from line 35 here and on line 42 (maximum $1,700) ...................................................... 39. 00 SECTION C: ALL OTHER CLAIMANTS (if you did not check box 5a or 5b) 40. Enter amount from line 35. .................................................................................................................. 40. 00 41. Multiply amount on line 40 by 60% (0.60). Enter amount here and on line 42 (maximum $1,700)..... 41. 00 PART 2: PROPERTY TAX CREDIT CALCULATION All filers must complete this section. 42. Enter amount from line 38, 39 or 41, or from Worksheet 4 (see instructions) for FIP/MDHHS recipients.............................................................................................................................................. 42. 43. Percentage from Table B (see instructions) that applies to the amount % on line 33 ................................................................................................. 43. PROPERTY TAX CREDIT. Multiply amount on line 42 by percentage on line 43. Enter amount here 44. and if you file an MI-1040, carry this amount to MI-1040, line 25......................................................... 44. 00 00 NOTE: Seniors who pay rent (including rent paid to adult care facilities): Complete Worksheet 5 in the MI-1040 book and enter amount from worksheet on line 44 (maximum $1,700). + 0000 2023 25 02 27 8 Continue on page 3. This form cannot be processed if pages 2 and 3 are not completed and included. 2023 MI-1040CR, Page 3 of 3 Filer’s Full Social Security Number PART 3: HOMEOWNERS WHO MOVED IN 2023. Report on lines 45 and 46 the addresses of the homesteads for which you are claiming a credit. Homesteads with a taxable value greater than $154,400 are not eligible for this credit. 45. Address where you lived on December 31, 2023, if different than reported on line 1 (Number, Street, City, State, ZIP Code). Taxable Value 46. Address of homestead sold (moved from) during 2023 (Number, Street, City, State, ZIP Code). Taxable Value 00 00 HOMESTEAD A. Moved Into Homeowners who moved during 2023, complete lines 47 through 51. 47. Number of days occupied (total cannot be more than 365)............................................ 48. Divide line 47 by 365 and enter percentage here .......................................................... % 49. Property taxes levied for calendar year 2023 ................................................................. 00 50. Prorated property taxes. Multiply line 49 by the percentages on line 48 ..................... 00 51. Taxes eligible for credit. Add line 50, columns A and B. Enter here and on line 10............................. 51. B. Moved From % 00 00 00 PART 4: RENTERS 52. A Address of Homestead You Rented (Number, Street, Apt. #, City, State, ZIP Code) B C D E Landowner’s Name and Address (City, State and ZIP Code) # Months Rented Monthly Rent Total Rent Paid 53. Total rent you paid (not more than 12 months). Add total rent for each period. Enter here and on line 11....... 00 00 00 53. 00 00 PART 5: ALTERNATE HOUSING FACILITIES (see instructions) 54. If you lived in one of these types of facilities for all or part of 2023, check the appropriate box and see instructions. a. Subsidized Housing: complete line 55. Enter result on line 11. b. Service Fee Housing: complete lines 55 and 56. 55. Enter the total rent you paid in 2023 while a resident of an Alternate Housing Facility. Do not include amounts paid on your behalf by a government agency ................................................................................ 55. 00 56. If you checked box 54b, multiply line 55 by 10% (0.10) (see instructions). Enter here and on line 10.... 56. 57. Special Housing: If you lived in one of these types of facilities for all or part of 2023, check the appropriate box (see instructions). a. Cooperative Housing b. Home for the Aged c. Nursing Home d. Adult Foster Care Home e. Paid Room and Board Enter your prorated share of taxes from the type of facility checked on line 57 here and on line 10. ..... 00 57. 00 58. Name and Address (including City, State and ZIP Code) of Housing Facility, Landowner, or Care Facility if you completed lines 54 through 57. DIRECT DEPOSIT Deposit your refund directly to your financial institution! See instructions and complete parts a, b and c. Deceased Taxpayer. a. Routing Transit Number b. Account Number If Filer and/or Spouse died after December 31, 2022, enter dates below. ENTER DATE OF DEATH ONLY. Example: 04-15-2023 (MM-DD-YYYY) Filer c. Type of Account 1. Checking 2. Savings Preparer Certification. I declare under penalty of perjury that this return is based on all information of which I have any knowledge. Preparer’s PTIN, FEIN or SSN Spouse Taxpayer Certification. I declare under penalty of perjury that the information in this return and attachments is true and complete to the best of my knowledge. Preparer’s Name (print or type) Filer’s Signature Date Preparer’s Signature Spouse’s Signature Date Preparer’s Business Name, Address and Telephone Number By checking this box, I authorize Treasury to discuss my return with my preparer. If you are also filing Form MI-1040, include this form behind it. If not, mail this form to: Michigan Department of Treasury, Lansing, MI 48956 + 0000 2023 25 03 27 6
2023 Michigan Homestead Property Tax Credit Claim MI-1040CR
More about the Michigan Form MI-1040CR Individual Income Tax Tax Credit TY 2023
When claiming the Michigan property tax credit, you need to file form 1040CR along with your income taxes. Form MI-1040CR requires you to list multiple forms of income, such as wages, interest, or alimony .
We last updated the Homestead Property Tax Credit Claim in January 2024, so this is the latest version of Form MI-1040CR, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form MI-1040CR directly from TaxFormFinder. You can print other Michigan tax forms here.
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File Now with TurboTaxRelated Michigan Individual Income Tax Forms:
TaxFormFinder has an additional 97 Michigan income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Michigan Form MI-1040CR.
Form Code | Form Name |
---|---|
Form MI-1040CR-7 | Home Heating Credit Claim |
Form MI-1040CR-7 Instructions | Home Heating Credit Instruction Booklet |
Form MI-1040CR-2 | Michigan Homestead Property Tax Credit Claim for Veterans and Blind People |
Form MI-1040CR-5 | Farmland Preservation Tax Credit Claim |
View all 98 Michigan Income Tax Forms
Form Sources:
Michigan usually releases forms for the current tax year between January and April. We last updated Michigan Form MI-1040CR from the Department of Treasury in January 2024.
Form MI-1040CR is a Michigan Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Michigan Form MI-1040CR
We have a total of twelve past-year versions of Form MI-1040CR in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Michigan Homestead Property Tax Credit Claim MI-1040CR
2022 Michigan Homestead Property Tax Credit Claim MI-1040CR
2020 Michigan Homestead Property Tax Credit Claim MI-1040CR
2019 Michigan Homestead Property Tax Credit Claim MI-1040CR
2018 Michigan Homestead Property Tax Credit Claim MI-1040CR
2017 Michigan Homestead Property Tax Credit Claim MI-1040CR
2016 Michigan Homestead Property Tax Credit Claim MI-1040CR
2014 Michigan Homestead Property Tax Credit Claim MI-1040CR
2013 Michigan Homestead Property Tax Credit Claim MI-1040CR
MI-1040CR, 2011 Michigan Homestead Property Tax Credit Claim
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