Your eligibility for the renter’s property tax refund isn’t limited based only on your Adjusted Gross Income (AGI) – your total household income must be less than $64,920.
There are a number of sources of income that go into the calculation – nontaxable Social Security and the deduction for contributions to a qualified retirement plan, for example. So, although your AGI may be below $50,000, your total household income may be above the limitation amount.
Total household income, for renters, is computed on line 13 of 2021 M1PR, Property Tax Refund Return. See Renter’s Worksheet on page 19 of the 2021 Property Tax Refund Return (M1PR) Instructions for more information.
