MO-PTS: Property Tax Credit Schedule (2024)

Who files this form

Use the 2024 MO-PTS to claim a property tax credit with Form MO-1040. MO-PTS must be attached to Form MO-1040.

You must select one of these qualifications:

• Age 65 or older and a full-year resident.
• A veteran who is 100% disabled as a result of military service.
• 100% disabled.
• Age 60 or older and received surviving spouse benefits.

The form also sets these limits based on net household income on Line 10:

• If you rented or did not own and occupy your home for the entire year, you cannot claim the credit if Line 10 is more than $27,200.
• If you owned and occupied your home for the entire year, you cannot claim the credit if Line 10 is more than $30,000.

If you rent from a facility that does not pay property tax, you are not eligible for a property tax credit.

What you'll need

Have your Form MO-1040 available, along with Social Security numbers and dates of birth for you and your spouse, as applicable.

Attach proof of your selected qualification:

• Age 65 or older: Form SSA-1099.
• 100% disabled veteran due to military service: a Department of Veterans Affairs letter.
• 100% disabled: a Social Security Administration letter or Form SSA-1099.
• Age 60 or older with surviving spouse benefits: Form SSA-1099.

Attach applicable income records:

• Forms W-2, 1099, 1099-G, 1099-R, 1099-MISC, 1099-INT, 1099-DIV, and other applicable income forms.
• Forms SSA-1099 or RRB-1099 (Tier I) for benefits reported on Line 2.
• Form RRB-1099-R (Tier II) for benefits reported on Line 4.
• A Veterans Affairs letter for veterans payments or benefits.
• A Social Security Administration letter showing the total assistance received, if applicable to Line 6.

For property tax or rent:

• Homeowners: attach copies of paid real estate tax receipts. Also attach Assessor’s Certification, Form 948, if your home is on more than five acres or you own a mobile home.
• Renters: use Certification of Rent Paid, Form MO-CRP, Line 9, to complete Line 12. Attach a completed Verification of Rent Paid, Form 5674.

How to file

1. Enter your identifying information and select only one qualification and one filing status.
2. Complete income Lines 1 through 7, then add them on Line 8. If married filing combined, report both incomes.
3. On Line 9, enter $0 if single or married living separate. If married filing combined, enter $2,000 if you rented or did not own your home for the entire year, or $4,000 if you owned and occupied your home for the entire year. Subtract Line 9 from Line 8 to get net household income on Line 10.
4. Complete the property tax and rent lines. Line 11 is property tax paid for your home, minus special assessments, limited to $1,100. Line 12 is Form MO-CRP, Line 9, limited to $750. Add Lines 11 and 12 on Line 13, limited to $1,100.
5. Use Lines 10 and 13 with the chart on pages 50–52 of the MO-1040 instructions to determine the credit. Enter the credit on MO-PTS, Line 14, and MO-1040, Line 43.
6. Attach MO-PTS and the required supporting documents to Form MO-1040.

The supplied form does not give a mailing address or e-filing directions.

Common mistakes

• Missing attachments: The form warns that missing required attachments will delay or cause denial of your return.
• Selecting multiple qualifications or filing statuses: Select only one of each.
• Using head of household on MO-PTS: If your MO-1040 status is head of household, select single on MO-PTS.
• Leaving out a spouse’s income: Married filing combined requires both incomes.
• Omitting nonbusiness losses: Include them as positive amounts on Line 7, including capital losses from federal Form 1040 or 1040-SR.
• Skipping the credit chart: You must use the chart in the MO-1040 instructions to determine your allowed credit.
• Submitting MO-PTS alone: It must be attached to Form MO-1040.

Questions people ask

Can I claim the credit if I rent?

The form includes a rent credit calculation. Enter Form MO-CRP, Line 9, or $750, whichever is less, on MO-PTS, Line 12, and attach Form 5674. Renters with Line 10 income above $27,200 are not eligible. You also cannot claim the credit if your rental facility does not pay property tax.

Which Social Security benefits belong on Line 2?

Include nontaxable Social Security benefits received by you, your spouse, and your minor children before deductions, plus Social Security equivalent railroad retirement benefits. Attach Forms SSA-1099 or RRB-1099 (Tier I).

Is the amount on Line 13 my final credit?

No. Use Lines 10 and 13 with the chart on pages 50–52 of the MO-1040 instructions to determine your allowed credit.

Where do I report the credit on my income tax return?

Enter the credit from MO-PTS, Line 14, on Form MO-1040, Line 43. Attach MO-PTS to MO-1040.

Official sources

• https://dor.mo.gov/forms/MO-PTS_2024.pdf