Enlarge image | 2021 Iowa Property Tax Credit Claim Iowa Code section 425.16 and Iowa Administrative Code chapter 701--73 Complete the following personal information: Your name: __________________________________ Spouse name: ________________________________ Your Social Security Number: ____________________ Spouse Social Security Number: __________________ Your birth date (MM/DD/YYYY): __________________ Spouse birth date (MM/DD/YYYY): ________________ Street address: _______________________________ City: ________________________________________ State: __________________ ZIP: _________________ Telephone: ___________________________________ Answer these questions to determine eligibility: 1. Are you currently an Iowa resident? .................................................................................... Yes ☐ No ☐ If “No,” stop. No credit is allowed. 2. Did you file a Property Tax Credit claim in 2020? ............................................................... Yes ☐ No ☐ 3a. Were you age 65 or older as of December 31, 2020? ........................................................ Yes ☐ No ☐ 3b. Were you totally disabled and age 18 to 64, as of December 31, 2020? See instructions.. Yes ☐ No ☐ 4. Were you a resident of a nursing home or care facility during 2020? See instructions ....... Yes ☐ No ☐ If “Yes,” are you renting out your homestead to someone else? ......................................... Yes ☐ No ☐ 5a. Is there more than one owner of your homestead? ............................................................. Yes ☐ No ☐ 5b. Do any of the owners live elsewhere? ................................................................................ Yes ☐ No ☐ If “Yes,” how many live elsewhere? .................................................................................... 6. Was part of your home rented or used for business purposes during 2020? ...................... Yes ☐ No ☐ If “Yes,” see instructions and enter the percentage here ______ % 7. Was any part of the land in your homestead tract rented during 2020? .............................. Yes ☐ No ☐ If “Yes,” how many acres were used exclusively by you? 2020 Total household income for the entire year (For you and your spouse). Read instructions before completing. .................................................................. Use whole dollars only 8. Wages, salaries, unemployment compensation, tips, etc. .................................. , .00 9. In-kind assistance for housing expense. ............................................................. , .00 , .00 10. Title 19 benefits (excluding medical benefits). .................................................... 11. Social Security income (include any Medicare premiums withheld). ................... , .00 12. Disability income. ................................................................................................ , .00 13. All pensions and annuities. ................................................................................. , .00 14. Interest and dividend income. ............................................................................. , .00 15. Profit from business and/or farming and capital gain. If less than zero, enter 0...................................................................................... , .00 16. Money received from others living with you ........................................................ , .00 17. Other income ...................................................................................................... , .00 18. Total household income. Add amounts from lines 8-17. ................................... , .00 If $24,206.00 or greater, stop. No credit is allowed. I, the undersigned, declare under penalties of perjury or false certificate, that I have examined this claim, and, to the best of my knowledge and belief, it is true, correct, and complete. Your signature: ______________________________________________ Date: ______________________ Return this form to your county treasurer on or before June 1, 2021, or, if the treasurer has extended the filing deadline, on or before September 30, 2021. The Director of Revenue may extend the filing deadline through December 31, 2022, for good cause. You may be contacted for additional information. Page 254-001a (10/20/2020) |
Enlarge image | 2021 Iowa Property Tax Credit Claim, page 2 OFFICE USE ONLY Treasurer’s office will complete this side of form when taxes are ready. Claimant name: ______________________________ Parcel number: _____________________________ Schedule for Rented Homestead Tracts Taxable valuation information for the schedule below may be obtained from city or county assessor’s office. A. Number of acres in homestead tract. (From county land records) .................................. A. ____________ B. Number of acres in homestead tract used exclusively by claimant as reported on line 7. Do not include acres rented or rented on share ................................................... B. ____________ C. Taxable value as of January 1, 2020, of land in homestead used exclusively by claimant. Do not include the value of land rented or rented on shares. .......................... C. ____________ D. Taxable value as of January 1, 2020, of homestead buildings used exclusively by claimant. Do not include the value of rented homestead building. .................................. D. ____________ E. Total. Add lines C and D ................................................................................................. E. ____________ F. Tax rate for taxes payable in fiscal year 2021-2022 ........................................................ F. ____________ G. Multiply line E by line F ................................................................................................... G. ____________ H. Enter any Agricultural Land Tax Credit and/or Family Farm Tax Credit received on the land valuation as shown on line C ............................................................................. H. ____________ I. Subtract line H from line G. Enter the amount here. This amount cannot exceed claimant’s gross tax shown on line J below .................................................................... I. _____________ Credit Computation J. Gross property tax due (include Homestead Credit) during the fiscal year 2021-2022. (See instructions) .................................................................................................... , .00 K. Special assessments .............................................................................................. , .00 L. Property tax base: If you have an amount on line I, add it to line K. (See instructions.) If no amount on line I, add lines J and K. , .00 Enter this amount or $1,000, whichever is less. ........................................................... M. Percent of property tax base used in computing credit, from the schedule below............... % If total household income from line 18, page 1 is: $ 0.00 – 12,469.99, enter 100% 12,470.00 – 13,936.99, enter 85% 13,937.00 – 15,403.99, enter 70% 15,404.00 – 18,337.99, enter 50% 18,338.00 – 21,271.99, enter 35% 21,272.00 – 24,205.99, enter 25% 24,206.00 or greater, no credit is allowed. N. Tentative credit: Multiply line L by line M. ............................................................ , .00 O. Homestead Credit applicable to taxes payable in fiscal year 2021-2022. ............ , .00 P. Property Tax Credit: Subtract line O from line N. ................................................. , .00 Page 254-001b (10/02/2020) |
Enlarge image | 2021 Iowa Property Tax Credit Claim, page 3 2021 Iowa Property Tax Credit Claim Instructions Who is eligible? Claimant instructions • Iowa residents. Line 3b: “Totally disabled” means: • Total household income less than $24,206.00 • You are unable to engage in any substantial • One of the following applies: gainful employment; o Age 65 or older by December 31, 2020. • The unemployment is due to a physical or mental o Totally disabled and age 18 or older by impairment that is: December 31, 2020. o Medically determined; and A claim for property tax credit may be filed on behalf o Expected to last 12 months or longer or result in death. of a deceased person by the person’s spouse, Current proof of disability must be included with your attorney, guardian, or estate executor or claim. This must be: administrator. To be eligible the deceased person • A current statement from the Veteran’s must have been an Iowa resident at the time of death. Administration that in 2020 you were receiving a If two or more persons occupying a home qualify for disability benefit due to 100% disability, or a credit, each person may file a claim based on each • person’s income and each person’s share of property A copy of the current Social Security tax due. Married couples are considered one Administration document stating the date the household, may file only one claim, and must disability began, or combine their incomes. • A written statement from your doctor noting the beginning date of disability and whether the Mobile/Manufactured/Modular Homes disability is permanent or temporary. A claim for property tax credit may be filed if your mobile, manufactured, or modular home was Claims without proper documentation will be assessed as real estate. If your mobile, denied. Proof of disability is not required if you manufactured, or modular home was not assessed were age 65 or older as of December 31, 2020. as real estate, you may claim a credit on the property Line 4: Mark “Yes” if you are a resident of a nursing taxes due on the land where the home is located, if home or care facility. If not, mark “No.” If you are living you own the land. in a nursing home or care facility, you are eligible for If your home is subject to the annual tax based on the property tax credit on your homestead if it is not square footage, you may be eligible for a reduced being rented to someone else. If it is being rented, square footage tax. Your county treasurer has the you are not eligible to file a property tax credit claim, details on the Mobile/Manufactured/Modular Home but you may be able to file a rent reimbursement Reduced Tax Rate Program. claim based upon the rent payment you made to the nursing home. Due date This claim must be filed with your county treasurer on Line 6: Mark “Yes” if part of your home was rented or or before June 1, 2021. The treasurer may extend the used for business purposes during 2020. If not, mark filing deadline to September 30, 2021. The Director “No.” If you marked “Yes,” you are entitled to a credit of Revenue may extend the filing deadline through of property tax due on only that portion of the home December 31, 2022, for good cause. utilized as the dwelling place by you and your spouse. Additional information If you answered “Yes”, on line 6, calculate the The location of your county treasurer can be found at percentage of property tax that is allowable for a the Iowa Treasurers website: iowatreasurers.org. credit by determining the square footage of the home that is utilized as the personal dwelling, in proportion For information about your Social Security benefits, to the square footage of the entire home. Enter this go to the Social Security Administration website: percentage in the space provided below line 6. ssa.gov/myaccount. For example: if the square footage for personal use is 750, and the total square footage is 1,000, the percentage is 75% (750 divided by 1,000 equals 75 percent). 54-001c (10/15/2020) |
Enlarge image | 2021 Iowa Property Tax Credit Claim, page 4 2020 Household income Line 16: Money received from others - Enter Household income includes your income and your money received from others living with you. Do not spouse’s income, if living together, and monetary include goods and services received. contributions received from any other person living Line 17: Other income - Enter total income received with you. If you and your spouse do not live together, from the following sources: you may file separate claims. If you received a • Child support and alimony payments. property tax credit in 2020, do not report this as • Welfare payments. Include Family Investment income. Income reported for the purpose of this Program (FIP), children’s Supplemental Security application may be different than that reported on an Income (SSI), and all other welfare program cash income tax return. payments. Do not include foster grandparents’ Line 8: Wages, salaries, unemployment stipends or non-cash government assistance compensation, tips, etc. - Enter the total wages, (food, clothing, food stamps, medical supplies, salaries, unemployment compensation, tips, etc.). bonuses, and commissions received. • Insurance income not reported elsewhere on this Line 9: In-kind assistance - Enter any portion of form. your housing expenses, including utilities, that were • Gambling and all other income not reported paid for you. Do not enter Federal Energy Assistance. elsewhere on this form. Line 10: Title 19 benefits - Enter your Title 19 Treasurer’s instructions benefits received for housing only. Do not include A credit claimed on this form is for the 2021/2022 medical benefits. If you live in a nursing home or care Fiscal Year. facility, contact the administrator for the amount to Line C: Follow the steps below. enter, or: 1. Obtain the taxable value of the land in the • Enter 20% of your benefits if you lived in a nursing homestead for January 1, 2020, from the city or home, or county assessor’s office. • Enter 40% if you lived in a care facility. 2. Divide line B by line A. Line 11: Social Security income - Enter the total 3. Multiply the result in step 2 by the number in Social Security benefits received, even if not step 1. reportable for income tax purposes. Include any 4. Enter the result in step 3 on Line C. Medicare premiums withheld. Line D: Obtain the taxable value of the homestead Line 12: Disability income - Enter the total received buildings for January 1, 2020, from the city or county for disability or injury compensation, even if not assessor’s office. Multiply this number by the reportable for income tax purposes. percentage provided by the claimant on line 6 of the form. Enter the result on line D. Line 13: All pensions and annuities - Enter the total received from pensions and annuities. Include Line J: If line 5b was answered “Yes” enter the retirement pay for military service, even if not prorated gross property tax on line J or, if applicable, reportable for income tax purposes. the prorated property tax base on line L. Example: There are three owners of a home, but only Line 14: Interest and dividend income - Enter two of the owners reside there. The gross property taxable interest income, plus all interest income from taxes equal $1,800. The prorated amount to be federal, state, and municipal securities. Include entered on line J is $1,200, [($1,800 / 3) x 2 = $1,200]. taxable dividends and distributions received, cash Alternatively, each person may file a claim dividends and dividends paid in the form of individually using their share of the property taxes. merchandise or other property and report at fair Prorate the Homestead Credit proportionately among market value. the claimants. Line 15: Profit from business and/or farming and This percentage is to be used in computing Line L: capital gain - Enter profit from business and/or the amount to enter on line J or, if applicable, the farming, and any gain received from the sale or prorated property tax base on line L. This exchange of capital assets. Capital losses are limited computation will adjust the taxes on the land in the to the same amount reportable for income tax homestead in the same proportion. purposes. Any loss must be offset against gain, and a net loss must be reported as zero . 54-001d (08/17/2020) |