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Level 3
posted Jan 30, 2024 4:32:17 PM

Can sublessees qualify for the MI Homestead Credit, or only the original lessee?

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1 Best answer
Expert Alumni
Jan 30, 2024 4:43:35 PM

If two or more individuals are contracted to pay rent and occupy the rental property, each may file a homestead property tax credit. The claim must be based only on his/her prorated share of rent paid and his/her own total household resources. Rent must be divided equally between each individual.

 

Homestead Property Tax Credit Claim (MI-1040CR) – ADJUSTMENT or DENIAL RENTER’S CHECKLIST

1 Replies
Expert Alumni
Jan 30, 2024 4:43:35 PM

If two or more individuals are contracted to pay rent and occupy the rental property, each may file a homestead property tax credit. The claim must be based only on his/her prorated share of rent paid and his/her own total household resources. Rent must be divided equally between each individual.

 

Homestead Property Tax Credit Claim (MI-1040CR) – ADJUSTMENT or DENIAL RENTER’S CHECKLIST