MI-1040CR-2: Homestead Property Tax Credit Claim for Veterans and Blind People (2024)
Michigan · Michigan Treasury · Used for tax years 2024
Form MI-1040CR-2 is Michigan’s 2024 Homestead Property Tax Credit Claim for Veterans and Blind People. It reports household resources, homestead taxable value, property taxes and, for veterans who rent, rent paid to calculate the credit.
Who files this form
The 2024 MI-1040CR-2 is a property tax credit claim for people in these categories:
- Blind people who own their homestead.
- Veterans with a service-connected disability, or their surviving spouses.
- Surviving spouses of veterans who died in service.
- Active military members, pensioned veterans, or their surviving spouses.
- Surviving spouses of nondisabled or nonpensioned veterans of the Korean War, World War II, or World War I.
The form lists these eligibility limits:
- Total household resources cannot exceed $69,700.
- If you select category 7d or 7e, total household resources cannot exceed $7,500.
- Homeowners cannot claim the credit for a homestead with a taxable value greater than $160,700.
The renters section is for veterans only.
What you'll need
Have the following information available to complete the form:
- Your full Social Security number and your spouse’s if filing jointly, home address, and five-digit school district code.
- Your 2024 filing and residency status, plus Michigan residency dates if you were a part-year resident.
- Your service-connected disability percentage, if applicable.
- Your homestead’s taxable value and property taxes levied for 2024.
- Income and benefit amounts for the household resource lines, along with adjustments and medical insurance/HMO premiums you paid for yourself and your family.
If you moved between owned homes in 2024, you will also need the addresses, taxable values, property taxes, and days you occupied each home. Veteran renters need rental addresses, landowner names and addresses, months rented, monthly rent, total rent paid, and non-homestead property tax millage.
If married filing separately, include Form 5049. For direct deposit, provide your routing number, account number, and account type.
How to file
- Type or print in blue or black ink.
- Complete the applicable sections and include all three pages. The form says it cannot be processed unless pages 2 and 3 are completed and included.
- Complete the taxpayer certification and signature fields.
- If you are also filing Form MI-1040, place MI-1040CR-2 behind it and carry the credit from line 33 to MI-1040, line 25.
- If you are not filing MI-1040, mail the claim to:
Michigan Department of Treasury
Lansing, MI 48956
Common mistakes
- Leaving out pages 2 and 3. Both must be completed and included for processing.
- Using a P.O. Box without completing line 34. The form specifically requires line 34 when you use a P.O. Box.
- Omitting a spouse’s income on a joint claim. Include income from both spouses in total household resources.
- Leaving out Form 5049 when married filing separately. The form requires this attachment.
- Including food assistance on line 26. The form says not to include it.
- Reporting too many days or months. For homeowners who moved, total days occupied on line 36 cannot exceed 366. Rent on line 46 cannot cover more than 12 months.
- Carrying line 44 directly to line 12 as a part-year renter. Complete lines 45 through 56 instead.
Questions people ask
What is the maximum credit for 2024?
The maximum credit is $1,800. If total household resources on line 32 exceed $60,700, the form directs you to the instructions for a reduced credit. Resources above $69,700 make you ineligible.
Can veterans claim the credit for rent?
The form includes a renters section for veterans. Line 47 uses 23% of total rent paid, or 10% for service fee housing residents. There are separate calculations for full-year and part-year renters.
Can I file this claim without filing MI-1040?
Yes. The form provides a mailing address for people who are not also filing MI-1040: Michigan Department of Treasury, Lansing, MI 48956.
Can I receive the refund by direct deposit?
Yes. Complete the direct deposit section with your routing number and account number, and select checking or savings.