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Each year, we receive questions about the Renter’s Credit and Homestead Credit Refund. Let’s review the facts.
Renter’s Credit
- Non-taxable and dependent income is not added back to household income.
- Qualified individuals may claim the Renter’s Credit for decedents.
- Certificates of Rent Paid (CRP) are assigned an Electronic Control Number (ECN) when submitted in e-Services.
- There are many unique situations for renters. Check the “Filing Situations” section of the Schedule M1RENT, Renter’s Credit, for detailed instructions on how to handle many of these situations.
- A Rent Paid Affidavit may be requested as early as February 1.
Homestead Credit Refund
- Mobile home owners must file for the Homestead Credit Refund and not the Renter’s Credit.
- Taxpayers must wait until they receive their property tax statement to file for the homestead credit. The CRP for lot rent must be included on the same Form M1PR, Homestead Credit Refund.
- Dependent income is not included in household income. That includes non-taxable income from the dependent, such as scholarships or grants.
- Schedule M1PR-SR, Special Refund, is now used to determine if a taxpayer qualifies for a special refund. There are no income limits to claim the special refund.
Questions?
Contact us.
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