Form Mi 1040Cr – Fill Out and Use This PDF

MI-1040CR MICHIGAN

Homestead Property Tax Credit Claim

Issued under P.A. 281 of 1967. Filing is voluntary.

HERE

▼

1 Filer's First Name, Middle Initial and Last Name

If a Joint Return, Spouse's First Name, Middle Initial and Last Name

LABEL

Home Address (No., Street, P.O. Box or Rural Route)

PLACE

City or Town

State

ZIP Code

▼ 5

Residency Status in 1998

▼ 6 Age on Dec. 31, 1998

a.

Resident

b.

Nonresident

a. YOU

▼

a.

c.

Part-Year Resident. Complete dates below.

b. SPOUSE

▼ b.

You

c. If you are an unremarried

FROM: Mo. Day

Yr. TO: Mo. Day Yr.

surviving spouse, enter

Spouse

spouse's age at death

▼ c.

8.Homeowners: Enter the 1998 taxable value of your homestead

9.Property taxes levied on your home in 1998 (see p. 34) or amount from line 43, 48 or 50

10. Renters: Enter rent paid in 1998 from line 45

▼

10.

11.Multiply line 10 by 20% (.20)

12.Total. Add lines 9 and 11

Household Income. Be sure to include income from both spouses.

If your household income is more than $82,650, you are not eligible for a credit.

13.Wages, salaries, tips, sick, strike and SUB pay, etc.

14.All interest and dividend income (including nontaxable interest)

15.Net rent, business or royalty income

16.Retirement pension and annuity benefits. Name of payer:

17.Net farm income

18.Capital gains less capital losses (see page 43)

19.Alimony and other taxable income (see page 43). Describe:

20.Social Security, SSI or railroad retirement benefits

21.Child support (see page 43)

22.Unemployment compensation and TRA benefits

23.Other nontaxable income (see page 43). Describe:

24.Workers' comp. , veterans' disability compensation and pension benefits

25.FIP and other FIA benefits

26.Subtotal. Add lines 13-25

27.	Other adjustments (see page 44). Describe:		27.
28.	Medical insurance or HMO premiums you paid for you and your family		28.

29.Add lines 27 and 28

30.HOUSEHOLD INCOME. Subtract line 29 from line 26

31.Multiply line 30 by 3.5% (.035) or by the percent in Table 3 (see p. 44)

32.Subtract the amount on line 31 from line 12. If line 31 is more than line 12, enter zero (0)

		1998						CR
	Attachment Sequence No. 05
▼ 2 Filer's Social Security Number
▼ 3 Spouse's Social Security Number
	Office Use
▼ 4 School District Code (see p. 46)
	▼	7 If you qualify for either of
			the following, check the box.
	a.			Paraplegic, Quadriplegic,
				or Hemiplegic
	b.			Totally and Permanently
				Disabled (see p. 43)
				▼	8.			.00
				▼	9.			.00
.00
					11.			.00
					12.			.00
					13.			.00
					14.			.00
					15.			.00
					16.			.00
					17.			.00
					18.			.00
					19.			.00
				▼	20.			.00
								.00
					21.
				▼	22.			.00
								.00
					23.
					24.			.00
				▼	25.			.00
								.00
Subtotal					26.
		.00
		.00
					29.			.00
				▼	30.			.00
					31.			.00
					32.			.00

Go to line 36

35.Senior homeowners or people who are paraplegic, quadriplegic or hemiplegic (if you completed line 34, skip this line), enter the amount from line 32 (maximum $1,200). Go to line 36

36.CREDIT. If your household income (line 30) is less than $73,650, enter the amount that applies to you from line 33, 34 or 35 here. If it is more than $73,650, you must reduce your credit (see instructions on page 44). If you file an MI-1040, carry this amount to your MI-1040, line 29

34.

35.

▼ 36.

.00

.00

.00

If you bought or sold your home in 1998, complete lines 39 - 43.

39.Number of days occupied. (Total cannot be more than 365)

40.Divide line 39 by 365 and enter percentage here

41.Property taxes levied in calendar year 1998

42.Prorated taxes. Multiply line 41 by percentage on line 40

43.Taxes eligible for credit. Add line 42, columns A and B. Enter here and on line 9

Homestead	A. Bought		B. Sold
39.
40.	%		%
41.
42.
	43.		.00

B.

B.

I declare, under penalty of perjury, that the information in this claim and attachments is true and complete to the best of my knowledge.

		I authorize Treasury to discuss my claim		Do not discuss my claim
		and attachments with my preparer.		with my preparer.
Filer's Signature				Date

I declare, under penalty of perjury, that this claim is based on all information of which I have knowledge.

Preparer's Signature, Address, Phone and ID No.

Spouse's Signature

Date