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Michigan Department of Treasury (Rev. 05-24), Page 1 of 3 2024 MICHIGAN Homestead Property Tax Credit Claim MI-1040CR Issued under authority of Public Act 281 of 1967, as amended. Type or print in blue or black ink. Attachment 05 Amended Return 1. Filer’s First Name M.I. Last Name 2. Filer’s Full Social Security No. (Example: 123-45-6789) If a Joint Return, Spouse’s First Name M.I. Last Name 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. Age 65 or older; or an unremarried spouse of a person b. Deaf, blind, hemiplegic, paraplegic, quadriplegic, or who was 65 or older at the time of death. totally and permanently disabled. 6. 2024 FILING STATUS: 7. 2024 RESIDENCY STATUS: *If you checked box “c,” enter dates of Michigan residency in 2024. Check one. Check all that apply. Enter dates as MM-DD-YYYY (Example: 04-15-2024). a. Single a. Resident FILER SPOUSE FROM: 2024 2024 b. Married filing jointly b. Nonresident TO: 2024 2024 c. Married filing separately c. Part-Year Resident * (Include Form 5049)
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 2024 taxable value of your homestead (see instructions). If you did not check box 8 above and your taxable value is greater than $160,700, STOP; you are not eligible. Farmers: enter the taxable value of your homestead, including eligible unoccupied farmland ............. 9. 10. Property taxes levied on your home for 2024 (see instructions) or amount from line 51, 56 and/or 57 00 10. 00 11. Renters: Enter rent you paid for 2024 from line 53 and/or 55 ............... 11. 00 12. Multiply line 11 by 23% (0.23)................................................................................................................ 12. 00 13. Total. Add lines 10 and 12 .................................................................................................................... 13. 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 21. Social Security, SSI, and/or and SUB pay, etc.......................... 14. 00 railroad retirement benefits... 21. 00 15. All interest and dividend income 22. Child support and foster (including nontaxable interest)...... 15. 00 parent payments................... 22. 00 16. Net business income (including net 23. Unemployment farm income). If negative, enter “0” 16. 00 compensation. ...................... 23. 00 17. Net royalty or rent income. 24. Gifts received or expenses If negative, enter “0”. .................... 17. 00 paid on your behalf............... 24. 00 18. Retirement pension, annuity, and 25. Other nontaxable income IRA benefits. ................................. 18. 00 Describe: _______________ 25. 00 19. Capital gains less capital losses 26. Workers’/veterans’ disability (see instructions). ......................... 19. 00 compensation/pension benefits 26. 00 20. Alimony and other taxable income 27. FIP and other MDHHS benefits Describe: ___________________ 20. 00 (Do not include food assistance) 27. 00 28. SUBTOTAL. Add lines 14 through 27 ............................................................................. SUBTOTAL 28. 00 Continue on page 2. This form cannot be processed if pages 2 and 3 are not completed and included. + 0000 2024 25 01 27 8 Reset Form
2024 MI-1040CR, Page 2 of 3 Filer’s Full Social Security Number 29. Enter subtotal from line 28.................................................................................................................... 29. 00 30. Other adjustments (see instructions). Describe: ________________________________________________ 30. 00 31. Medical insurance/HMO premiums you paid for you and your family (see instructions) ..................................................................................... 31. 00 32. Add lines 30 and 31.............................................................................................................................. 32. 00 33. TOTAL HOUSEHOLD RESOURCES. Subtract line 32 from line 29. If more than $69,700, 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. 00 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 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) % 38. Multiply line 36 by line 37. Enter amount here and on line 42 (maximum $1,800)................................ 38. 36. Enter amount from line 35 ..................................................................................................................... 36. 00 37. Percentage from Table A (see instructions) that applies to the amount on line 33 ................................................................................................ 37.
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 $1,800) ...................................................... 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 $1,800)..... 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. % 44. PROPERTY TAX CREDIT. Multiply amount on line 42 by percentage on line 43. Enter amount here 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 $1,800). Continue on page 3. This form cannot be processed if pages 2 and 3 are not completed and included. + 0000 2024 25 02 27 6
2024 MI-1040CR, Page 3 of 3 Filer’s Full Social Security Number PART 3: HOMEOWNERS WHO MOVED IN 2024. 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 $160,700 are not eligible for this credit. 45. Address where you lived on December 31, 2024, if different than reported on line 1 (Number, Street, City, State, ZIP Code). Taxable Value 00 46. Address of homestead sold (moved from) during 2024 (Number, Street, City, State, ZIP Code). Taxable Value 00 HOMESTEAD Homeowners who moved during 2024, complete lines 47 through 51. A. Moved Into B. Moved From 47. Number of days occupied (total cannot be more than 366)............................................ 48. Divide line 47 by 366 and enter percentage here .......................................................... % % 49. Property taxes levied for calendar year 2024 ................................................................. 00 00 50. Prorated property taxes. Multiply line 49 by the percentages on line 48 ..................... 00 00 51. Taxes eligible for credit. Add line 50, columns A and B. Enter here and on line 10 ............................. 51. 00 PART 4: RENTERS. If you received subsidized rental assistance, only enter the amount you paid. 52. A B C D E Address of Homestead You Rented Landowner’s Name and Address # Months Monthly Total Rent Paid (Number, Street, Apt. #, City, State, ZIP Code) (City, State and ZIP Code) Rented Rent 00 00 00 00 53. Total rent you paid (not more than 12 months). Add total rent for each period. Enter here and on line 11....... 53. 00 PART 5: ALTERNATE HOUSING FACILITIES (see instructions)
54. If you lived in one of these types of facilities for all or part of 2024, 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 2024 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. 00 57. Special Housing: If you lived in one of these types of facilities for all or part of 2024, 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. ..... 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 a. Routing Transit Number b. Account Number c. Type of Account Deposit your refund directly to your financial 1. Checking 2. Savings institution! See instructions and complete parts a, b and c. Deceased Taxpayer. If Filer and/or Spouse died after December 31, 2023, enter dates below. Preparer Certification. I declare under penalty of perjury that ENTER DATE OF DEATH ONLY. Example: 04-15-2024 (MM-DD-YYYY) this return is based on all information of which I have any knowledge. Preparer’s PTIN, FEIN or SSN Filer Spouse Taxpayer Certification. Preparer’s Name (print or type) I declare under penalty of perjury that the information in this return and attachments is true and complete to the best of my knowledge. 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 2024 25 03 27 4