Mi 1040cr michigan 2025

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Poverty Exemption Persons who meet certain income guidelines may be eligible for an exemption from property taxes. This application can be submitted to the Board of Review, which meets in March, July and December. The Poverty Exemption Application (PDF) must be submitted to the Board of Review every year.
Michigans homestead property tax credit is how the State of Michigan can help you pay some of your property taxes if you are a qualified Michigan homeowner or renter and meet the requirements. You should complete the Michigan Homestead Property Tax Credit Claim MI-1040CR to see if you qualify for the credit.
The quickest way to file your MI-1040CR-7 form is with e-file.
You may qualify for a homestead property tax credit if all of the following apply: Your homestead is in Michigan. You were a resident of Michigan for at least six months during the year. You own or are contracted to pay rent and occupy a Michigan homestead on which property taxes were levied.
The Homestead Property Tax Credit helps qualified Michigan homeowners and renters pay for a portion of their property taxes. For the 2024 tax season, this credit is worth up to $1,700. For homeowners, your taxable value must be $154,000 or less.
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If you live at or below 110% of the Federal Poverty Level, you may be eligible for a Home Heating Tax Credit for the 2023 tax year to help pay winter heating bills. To qualify for the tax credit, submit the form when you file your Michigan Individual Income Tax MI-1040.
Homestead Property Tax Credit You may claim a property tax credit by filing form MI-1040CR. Seniors may claim the homestead property tax credit up to four years from the annual date (April 15) set for filing the claim.
Earned Income Tax Credit To qualify for the EITC, you must: 1) have worked and earned income under $63,398, 2) have investment income below $11,000 in the tax year 2023, 3) have a valid Social Security number, and 4) be a U.S. citizen or a resident alien all year.

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