Feb. 28, 2018
Working families and individuals with a household income of $50,000 or less a year may be eligible for a Homestead Property Tax Credit, according to the Michigan Department of Treasury.
Michigan’s Homestead Property Tax Credit can help taxpayers if they are a qualified homeowner or renter and meet certain requirements. For most people, the tax credit is based on a comparison between property taxes and total household income, with homeowners paying property taxes directly and renters paying them indirectly with their rent.
“Homestead Property Tax Credits provide tax relief for Michigan’s working families and individuals,” said Deputy State Treasurer Glenn White, head of Treasury’s Tax Administration Group. “These tax credits can reduce tax owed and may provide a refund.”
During the 2016 tax year, more than 1 million taxpayers claimed the Homestead Property Tax credit, totaling more than $532 million with an average credit at $521.
Taxpayers may claim a Homestead Property Tax Credit if ALL the following apply:
Taxpayers who are required to file a state income tax return should claim the Homestead Property Tax Credit with their return. Taxpayers may file a Homestead Property Tax Credit claim by itself.
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State Income Tax Information Hotline: 517-636-4486