Enlarge image | NEAR FINAL DRAFT 8/1/24 *241711* 2024 Schedule M1RENT, Renter’s Credit To claim this credit, you must be a full-year or part-year Minnesota resident. If you are a mobile home owner and received a certificate of rent paid for lot rental, do not complete this schedule. Your First Name and Initial Last Name Your Social Security Number Check if, in 2024, you were: Married filing separately and lived together with your spouse (see instructions) A resident of a nursing home or adult foster care (see instructions) 1 Line 1 of Form M1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 If you are married filing separately, enter your spouse’s adjusted gross income for the time they withlived you (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3lines Add and1 2. wereIf you a full year resident, 4 line andskip enter this amount on line 5 . . . . . . . . . . . . . . . . 3 4 Income you received while a non-resident . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Subtract from 4 3 line line . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Subtraction for 65 or older (born before January 2, 1960) or disabled: If you (or your spouse if filing a joint return) are age 65 or older or are disabled, enter $5,050: . . . . . . . . . . . . . 6 Check the box if you or your spouse are: (A) 65 or Older (B)Disabled Dependent subtraction: Enter your subtraction for dependents (use the table in the instructions) . . . . . . . . . . . 7 7 8 Add lines 6 and 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 9 Household income.Subtract from 5.line 8 line less thanIf zero, enter 0. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 Enter total rent from line 3 of your Certificates of Rent Paid (CRPs) (include a copy of your CRPs) . . . . . . . . . . . 10 11 Multiply line 10 by 17% (0.17) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Using the amounts from lines 9 and 11, find the amount to enter here from the renter’s refund table and enter the result from the table here. If you had an amount on line A of your CRP, continue to line 13. Otherwise, include the amount from this line on line 4 of Schedule M1REF . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 Total amount from line A of all CRPs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 14 Add lines 5 and 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 15 Divide line 5 by line 14 (round to the nearest five decimal places) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 Multiply line 12 by line 15. Enter the result here and on line 4 of Schedule M1REF . . . . . . . . . . . . . . . . . . . . . . . 16 Include this schedule and copies of your CRPs when you file Form M1. Keep a copy for your records. 9995 |