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Why does it say I make more than $58,880 for the Form M1PR when my income entered is less than that?

My total income on my W-2s added together is only $51,811.
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1 Best answer

Accepted Solutions
ChrisJ
New Member

Why does it say I make more than $58,880 for the Form M1PR when my income entered is less than that?

Form M1PR - Property Tax Refund uses Household Income, or your federal adjusted gross income + most types of nontaxable income - qualified retirement plan contribution, dependent, elderly or disabled subtraction.

Your total household income might not be the same income listed on your income tax return. This could include:

  • contributions to an employee elective deferral plan, such as a 401(k), 403(b), 457 deferred compensation, or SIMPLE/ SEP plan
  • contributions to a dependent care account and/or medical expense account
  • nontaxable employee transit and parking expenses
  • veterans’ benefits
  • nontaxable scholarships, fellowships, grants for education, including those from foreign sources, and tuition waivers or reductions
  • nontaxable pension and annuity payments, including disability payments
  • income excluded by a tax treaty
  • lump-sum distribution reported 

A full list of household income items can be found here: http://www.revenue.state.mn.us/Forms_and_Instructions/m1pr_inst_16.pdf page 8, line 5

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2 Replies

Why does it say I make more than $58,880 for the Form M1PR when my income entered is less than that?

Did you enter any other forms into TurboTax?
ChrisJ
New Member

Why does it say I make more than $58,880 for the Form M1PR when my income entered is less than that?

Form M1PR - Property Tax Refund uses Household Income, or your federal adjusted gross income + most types of nontaxable income - qualified retirement plan contribution, dependent, elderly or disabled subtraction.

Your total household income might not be the same income listed on your income tax return. This could include:

  • contributions to an employee elective deferral plan, such as a 401(k), 403(b), 457 deferred compensation, or SIMPLE/ SEP plan
  • contributions to a dependent care account and/or medical expense account
  • nontaxable employee transit and parking expenses
  • veterans’ benefits
  • nontaxable scholarships, fellowships, grants for education, including those from foreign sources, and tuition waivers or reductions
  • nontaxable pension and annuity payments, including disability payments
  • income excluded by a tax treaty
  • lump-sum distribution reported 

A full list of household income items can be found here: http://www.revenue.state.mn.us/Forms_and_Instructions/m1pr_inst_16.pdf page 8, line 5

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