Question

I should qualify for the Michigan Homestead Property Tax credit. I make less than $60K, my property is valued at $24K, I'm a year round resident, why don't I qualify?

Forum|Forum|6 years ago
February 3, 2020
1 reply
0 views

I own the property and paid property taxes on it.

TurboTax Deluxe Online

Please review all of the qualifications in this Turbo Tax link to make sure you qualify for the credit. Here is a summary of the link.

You may claim a property tax credit if all of the following apply:

Your homestead is in Michigan
You were a resident of Michigan for at least six months during the year
You own or are contracted to pay rent and occupy a Michigan homestead on which property taxes were levied
If you own your home, your taxable value is $135,000 or less (unless unoccupied farmland)
Your total household resources are $60,000 or less (part year residents must annualize total household resources to determine if a credit reduction applies)

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

J

jmedina71984

I'm having the same problem. I meet all requirements and it says I do not qualify. How could this be? Is there a glitch in this program? My friend gets the same message. How do we fix this?

KathrynG3

Here are the 2019 Instructions for the Michigan Homestead Property Tax Credit.

The total household resources are the total income, taxable and nontaxable. Please check the list to see if there were possibly some things that are otherwise not included in your income that this credit counts as income.

Here is a link to the MI 1040CR Homestead Property Tax Credit Claim. Please check the section under Total Household Resources to check if there are any categories that would have otherwise been unexpected to count.