Total Household Resources

Total Household Resources are used to determine eligibility for the Homestead Property Tax Credit Claim and Home Heating Credit Claim. One of the most frequent reasons for adjustment or denial of these two credits is an error in reporting all income.

What are Total Household Resources?

Total household resources (THR) is all income received both taxable and nontaxable, including income that might be exempt from federal adjusted gross income. Gifts of cash and all payments made on your behalf must be included in THR.

Note: Net losses from business activity may not be used to reduce THR.

Checklist for Determining Total Household Resources

What is Adjusted Gross Income (AGI)?

Adjusted gross income is the amount of income determined to be taxable by the Internal Revenue Service on the federal tax return. View www.irs.gov for more information.

If you were a full-time student, view FAQ's for College/University Students.

If I am claimed as a dependent, do I qualify for a homestead property tax credit or a home heating credit?

Home Heating Credit: Individuals who are claimed as a dependent on another person's return do not qualify for this credit.

Property Tax Credit: If someone else has claimed you as a dependent, you may be eligible for a Property Tax credit. However, you must include all support or assistance you received from parents or others in your total household resources or household income. For more information, view instructions for the 2017 Homestead Property Tax Credit Claim MI-1040CR. (For other years search available tax forms.)