What is the Michigan Homestead Property Tax Credit and how can I apply?

The Michigan Homestead Property Tax Credit is a program designed to provide relief to homeowners by reducing their property taxes. Eligible individuals who own or rent a home in Michigan and meet certain criteria may receive a refund based on their property taxes and household income. To apply for this credit, taxpayers must complete and submit a Michigan Homestead Property Tax Credit Claim (Form MI-1040CR) along with their state income tax return (Form MI-1040). The forms can be obtained from the Michigan Department of Treasury website or by visiting a local Treasury office. It is important to provide all requested information and documentation to ensure a timely and accurate review of the application. The Michigan Department of Treasury will then review the claim and determine the amount of credit that the taxpayer is eligible for.