M1RENT: Renter's Credit (2024)
Minnesota · Minnesota DOR · Used for tax years 2024
Minnesota Schedule M1RENT calculates your renter’s credit for 2024 using household income and rent reported on your Certificates of Rent Paid (CRPs). Include this schedule and copies of your CRPs when you file Form M1.
Who files this form
Use 2024 Schedule M1RENT to figure and claim Minnesota’s renter’s credit.
To qualify:
- You must have been a full-year or part-year Minnesota resident.
- You must have lived in a building where property taxes or payments in lieu of property taxes were payable in 2024.
- You must not have been, or been eligible to be claimed as, a dependent.
You may qualify for a refund if your household income is below $75,390. The maximum credit is $2,640.
If you owned a mobile home and rented only the lot, use Form M1PR for the homeowner property tax refund, not Schedule M1RENT. If you rented both the mobile home and its lot, you may use Schedule M1RENT.
Care-facility residents have additional rules. You are not eligible if the property is tax-exempt or all your rent was paid by Medical Assistance, SSI, MSA, or Minnesota Housing Support. If those programs paid only part of your rent, you may qualify.
What you'll need
- Form M1: You generally use the adjusted gross income from line 1.
- Certificates of Rent Paid (CRPs): Include copies with Schedule M1RENT. If you rented both a mobile home and its lot, include both CRPs.
- Schedule M1DQC, Dependents and Qualifying Children: Complete this if you claim the dependent subtraction on line 7.
- Schedule M1REF: Report the renter’s credit on line 4.
- Your spouse’s income information, if applicable: Married-filing-separately filers who lived together must include the spouse’s income for the time they lived together.
- An explanation, when required: Enclose one if line 1 of Schedule M1RENT differs from line 1 of Form M1, or if your income is less than the rent you paid. Also provide an explanation if you include rent from an adult dependent’s CRP.
How to file
Include Schedule M1RENT and copies of your CRPs when you file Form M1. Keep a copy for your records. The supplied text does not give a mailing address or e-file instructions.
To complete the schedule:
- Enter your income and any required spouse’s income. Part-year residents subtract income received while a nonresident on line 4.
- Apply any eligible age or disability subtraction and dependent subtraction to figure household income.
- Enter qualifying rent from your CRPs on line 10. If you lived in more than one rental unit during 2024, use the Worksheet for Multiple CRPs.
- Multiply line 10 by 17%. Use that result and your household income to find your credit in the renter’s refund table.
- If your CRP has an amount on line A, complete lines 13 through 16. Otherwise, carry line 12 to line 4 of Schedule M1REF. If you complete line 16, carry that amount to line 4 of Schedule M1REF.
Common mistakes
- Leaving out CRPs: You must include copies when filing Schedule M1RENT.
- Leaving out a required explanation: Your refund will be delayed or denied if you do not explain why line 1 differs from Form M1, line 1, or why your income is less than your rent.
- Filing a separate schedule for each CRP: Use the Worksheet for Multiple CRPs instead. Count only rent for the time you actually lived in a unit, and do not enter more than the total rent reported on your CRPs.
- Taking too large an age or disability subtraction: Line 6 cannot exceed $5,050, even if both spouses qualify. This subtraction does not apply to dependents.
- Ignoring care-facility rent limits: Rent is limited to $630 per month for a nursing facility and $980 per month for an adult foster care home.
- Rounding incorrectly: Round amounts to the nearest whole dollar, except line 15, which calls for five decimal places.
Questions people ask
What if I have not received a CRP by February 1?
Contact your property owner or managing agent to request it. If they do not provide one, contact the tax agency.
What if my CRP is wrong?
Ask your property owner or managing agent for a corrected CRP. If they do not provide one, contact the tax agency.
How does sharing a rental with a roommate affect the credit?
Your property owner or managing agent must give each roommate a separate CRP showing an equal share of the rent, regardless of what each person actually paid or whose name is on the lease. Include only your own income when claiming the credit.
Can both spouses claim the credit if they file separately?
If you lived together all year, only one spouse may claim it, using combined rent and adjusted gross income. If you lived separately all year, each may claim a credit using only their own rent and income. If you lived together for part of the year, only one may claim the rent for that time and must include both spouses’ income for that period.
Do renters still use Form M1PR?
Beginning with tax year 2024, renters no longer use Form M1PR to claim the renter’s property tax refund. Use Schedule M1RENT with Form M1 instead. Mobile home owners who rent only their lot use Form M1PR for the homeowner property tax refund.