You'll need to sign in or create an account to connect with an expert.
RENT
There is not a rent deduction or credit on your Federal return. If your state has anything for renters you will be prompted to enter your rent info when you complete your state return. As far as I know, the states that have anything for rent are Arizona, California, Connecticut, Hawaii, Indiana, Iowa, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New York, Rhode Island, Vermont, Washington DC, and Wisconsin.
https://www.rent.com/blog/states-with-a-renters-tax-credit/
Thank you. Yes, Michigan. I don't know why I wasn't prompted to enter my rent info in my Michigan tax calculations this year when I was prompted in years past.
Did you already e-file? If not, then you need to take a closer second look at the state return and go back through the screens again to enter your rent. If you already e-filed, you will need to wait for the return to be accepted or rejected and then either fix it and re-file if rejected, or amend after processing if it is accepted.
I went back through everything three times. No place to enter my rent.
There are a lot of Michigan forms that will not be ready until the end of January. So you might have to wait for the forms.
Gosh. It would have been nice if TurboTax would have acknowledged that as they had done in the past. Thank you for your kind assistance.
I noticed the same difference this year too and wondered why it did not ask. You aren't alone.
Yes, Michigan still has a Homestead Property Tax Credit for 2024. It is a tax credit for qualified Michigan homeowners and renters, which helps to pay some of the property taxes homeowners or renters have been billed. The Homestead Property Tax Credit Claim form is included in TurboTax and is ready to print and supported for e-file.
When you complete the Michigan interview in TurboTax, you will see the section for the credit at the screen, Take a look at Michigan credits and taxes, as long as you had already indicated you were a Michigan resident at least part of the year and that you owned or rented a home that was subject to property taxes. See screenshot below:
See here for more information about the credit.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
pmazzara1
Level 2
wromatz
New Member
mev0
Level 1
aphillips2
Returning Member
96impalass
New Member