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TAX CREDIT PROGRAMS
You may qualify for one of
these programs, but not both.
Missouri
Property Tax Credit (MOPTC)
Did you know you may
qualify for a REFUND of up to $750 if you or your spouse meet one of the
following qualifications?
●
Claimant or spouse must be 65 years of age or older
on or before the last day of the
calendar year and a
resident of
Missouri
for the entire year;
● Claimant or spouse is a veteran of any branch of the
armed forces of the United
States,
or this state and is 100 percent disabled as a
result of such service;
● Claimant or spouse is 100
percent disabled; or
●
Claimant has reached age 60 on
or before the last day of the calendar year and is
receiving surviving spouse social security benefits.
AND your TOTAL HOUSEHOLD INCOME,
including social security benefits follows these
guidelines:
Tax Year 2008-2010
The Missouri Property Tax Credit Claim gives credit
to certain senior citizens and 100 percent disabled
individuals for a portion of the real estate taxes
or rent they have paid for the year.
The credit is for a maximum
of $750 for renters and $1,100 for owners who owned
and occupied their home.
The actual credit is based
on the amount of real estate taxes or rent paid and
total household income (taxable and nontaxable).
If you rent from a facility that does not pay
property taxes, you are not eligible for a Property
Tax Credit.
Renters/Part Year Owners:
●
If single, your total household
income must be $27,500 or less.
●
If
married filing combined, your total
household income must be $29,500 or less.
Owned and Occupied your home
the entire year:
●
If single, your total household
income must be $30,000 or less.
● If
married filing combined, your
total household income must be $34,000 or less.
Tax Years 2007
Certain individuals are eligible to claim up
to $750 if they pay rent or pay real estate tax on
the home they own and occupy.
- Total household income must
be $25,000 or less if filing single or $27,000
if married filing combined.
- Note: A 2007claim must be filed
by April 15, 2011, or a refund will not be
issued.
Filing
early (before April) ensures quicker refund!
To order
Form MO-PTC, Property Tax Credit Claim, call
(800) 877-6881 or download the form from the
Missouri Department of Revenue:
Property
Tax Credit Claim. For more information, call the
Missouri Department of Revenue at (573) 751-5746.
Frequently
asked questions and answers can also be found by
visiting the DOR Web site:
Frequently asked Questions
2.
Homestead
Preservation Act
** Important Notice **
The Homestead Preservation
Credit Program (HPC) is set to expire on August 28,
2010. Appropriations were not allocated to fund the
program during the recent 2010 legislative session.
Therefore, there will not be a 2010 Homestead
Preservation Credit for 2011.
Taxpayers who submitted a 2009
HPC application and were approved will receive a
letter from the Department of Revenue in August
2010. This letter will explain the credit that will
be reflected on your 2010 Cass County real estate
tax bill that you will receive in November.
Visit
the
Department of Revenue
site for more information regarding the
Homestead Preservation Credit Program.
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