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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.
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