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Level 1
posted Feb 11, 2025 11:54:41 AM

Why am I not receiving my entire homestead act credit that was given?

The Homestead act credit was 1237 but I'm only getting 999; why?

0 3 709
3 Replies
Expert Alumni
Feb 11, 2025 12:19:10 PM

Can you clarify for which state?

Level 1
Feb 11, 2025 12:39:23 PM

Mi

Expert Alumni
Feb 11, 2025 1:02:54 PM

The Homestead Property Tax Credit can be used to reduce the amount of taxes owed. If your tax bill is less than the amount of the credit, you can get the difference back as a refund.

 

The amount of credit that you qualify for will show on form MI Homestead Property Tax Credit Claim MI-1040CR line 44 and to form MI-1040, line 25.