5049: Worksheet for Married, Filing Separately and Divorced or Separated Claimants (2024)
Michigan · Michigan Treasury · Used for tax years 2024
Michigan Form 5049 is a schedule that helps married filing separately and divorced or separated claimants calculate total household resources for the Homestead Property Tax Credit or Home Heating Credit. It records dates a homestead was shared, each spouse’s income for that perio
Who files this form
Form 5049 helps claimants who are married filing separately or divorced during the tax year calculate total household resources for:
- The Homestead Property Tax Credit, using MI-1040CR or MI-1040CR-2.
- The Home Heating Credit, using MI-1040CR-7.
If you shared a homestead with your spouse, the schedule asks for each spouse’s income for the period you lived together. If you are not including your spouse’s income, skip to Part 3 and explain why.
What you'll need
Have the following information ready to complete the schedule:
- Your name, full Social Security number, and tax year.
- The dates you and your spouse shared a homestead.
- Your income and your spouse’s income for the shared-homestead period, including taxable and nontaxable income listed on the form.
- Other adjustments and medical insurance or HMO premiums you paid for yourself and your family.
- An explanation if you are not including your spouse’s income.
The form directs you to the MI-1040, MI-1040CR-2, or MI-1040CR-7 instruction booklet for income-breakdown instructions.
Common mistakes
- Including income outside the shared-homestead period. Part 2 says to include only your income and your spouse’s income for the period the homestead was shared.
- Putting income in the wrong column. Column A is for the filer; column B is for the spouse.
- Entering negative amounts on lines 4 or 5. Enter “0” if net business income, including net farm income, or net royalty or rent income is negative.
- Including food assistance on line 15. The form specifically says not to include it.
- Leaving out the explanation when spouse income is excluded. Skip to Part 3 and explain why you did not include your spouse’s income.
- Calculating line 18 incorrectly. For each column, add lines 2 through 15, then subtract lines 16 and 17.
Questions people ask
What if my spouse and I maintained separate homesteads all year?
In the form’s example, the claimant does not include the spouse’s income. She skips to Part 3 and explains that they maintained separate homesteads all year.
How should I enter the dates we shared a homestead?
Use MM-DD-YYYY in the FROM and TO boxes. For a homestead shared throughout tax year 2024, the form’s example uses 01-01-2024 through 12-31-2024.
How does the form prorate income when spouses separated during 2024?
In the example where both spouses earned wages evenly throughout 2024 and shared a homestead for 275 days, each spouse’s annual income is divided by 366 and multiplied by 275. Each reports their own shared-period income in column A and the other spouse’s in column B.
Where does the spouse’s total go when only one spouse claims the Homestead Property Tax Credit?
In the example where the spouses shared a homestead all year and only Ron claims the credit, Ron carries line 18, column B, to the “Other nontaxable income” line on his MI-1040CR with the description “Form 5049.” He also checks the “Married filing separately” box.