If you qualify for the Property Tax Credit, you must attach your Form MO-PTS to your Form MO-1040 and mail to: Missouri Department of Revenue, P.O. Box 2800, Jefferson City, MO 65105-2800.
Important: You must complete Form MO-1040, Line 1 through Line 36, before you complete Form MO-PTS.
If your filing status on Form MO-1040 is married filing combined, but you and your spouse lived at different addresses the entire year, you may file a separate Form MO-PTC. If filing a separate Form MO-PTC, you cannot take the $2,000 deduction on Line 9. (Example: One spouse lives in a nursing home or residential care facility while the other spouse remains in the home the entire year.)
Check the applicable box to indicate under which qualification you are filing the Form MO-PTS. You must check a qualification box to be eligible for the credit. Check only one box. Attach the appropriate documentation to verify your qualification. (The required documentation is listed behind each qualification on Form MO-PTS.)
Enter the amount of nontaxable social security benefits before any deductions and/or amount of social security equivalent railroad retirement benefits. See the following to determine nontaxable benefits.
Lump sum distributions must be claimed in the year in which they were received.
Enter the amount of pensions, annuities, rental income, dividends, or exempt interest income not included on Form MO-PTS, Line 1. (Do not include amount of excludable costs of pensions or annuities.) See the following to determine the amount of your pension or exempt interest:
Enter railroad retirement benefits before deductions for medical premiums or withholdings of any kind from Form MO-A, Part 1, Line 7. (Attach a copy of your Form RRB-1099-R, if applicable.) (Do not include social security equivalent railroad retirement included on Line 2.)
Include your veteran payments and benefits on Line 5. Veteran payments and benefits include education or training allowances, disability compensation, grants, and insurance proceeds.
Exceptions: If you are 100 percent disabled as a result of military service, you are not required to include your veteran payments and benefits. You must attach a letter from the Veterans Administration that states that you are 100 percent disabled as a result of military service. To request a copy of the letter, call the Veterans Administration at (800) 827-1000.
If you are a surviving spouse and your spouse was 100 percent disabled as a result of military service, all the veteran payments and benefits must be included.
Include the amount of public assistance, supplemental security income (SSI), child support, unemployment compensation, and Temporary Assistance payments received by you and/or your minor children. Temporary Assistance payments include Temporary Assistance for Needy Families (TANF) payments. In Missouri, the program is referred to as Temporary Assistance (TA). This includes any governmental cash received. Do not include the value of commodity foods, food stamps, or heating and cooling assistance. Attach a copy of Form SSA-1099(s), a letter from Social Security Administration and/or Social Services that includes the total amount of assistance received, and Employment Security 1099, if applicable.
Complete Line 7 only if you included nonbusiness losses on Form MO-PTS, Line 1.
If you included nonbusiness losses on Line 1, add back the amount of the loss on Line 7 (as a positive amount). A nonbusiness loss is a loss of income that did not result from a trade or business. (Losses from Federal Form 1040, Schedule F and Schedule C are considered business losses and should not be included here.)
If you are married, filing a combined claim with your spouse, enter $2,000 and be sure to include both incomes on Lines 1-6. If you are single, enter “0”. (If you are married-living separate for entire year, and you are filing a separate Form MO-PTS, enter “0”.)
Note: Your home or dwelling is the place in which you reside in Missouri, whether owned or rented, and the surrounding land, not to exceed five acres, as is reasonably necessary for use of the dwelling as a home. A home may be part of a larger unit such as a farm or building partly rented or used for business. It may be a room in a nursing home, an apartment, or a mobile home unit.
If you owned and occupied your home, include the amount of real estate tax you paid. Do not include special assessments (sewer lateral), penalties, service charges, and interest listed on your tax receipt. You can only claim the taxes on your primary residence that you occupy. Secondary homes don’t apply.
If your home is more than five acres or you own a mobile home, attach Form 948, Assessor's Certification. Your county assessor will complete the form upon your request. If you own a mobile home, the Form 948 must show only the value of the mobile home. Vehicles and other items on the personal property receipt are not allowed on the credit.
If you submit more than one receipt for a city or county for your residence, please submit a letter of explanation.
If you share a home, report only the portion of real estate tax that was actually paid by you.
If you sold your home during the year, attach a copy of the seller's agreement.
If you own your home and other adults (other than spouse) live there and pay rent, the rent must be included in your federal adjusted gross income.
Real estate tax paid for a prior year cannot be claimed on this form. To claim real estate taxes for a prior year, you must file a claim for that year.
The percentage of your home that is used for business purposes, must be subtracted from your real estate taxes paid. If you needed to use a Form 948 to calculate the amount of real estate tax, you must subtract the percentage of your home that is used for business purposes from the allowable real estate taxes paid calculated on the Form 948.
Example: Ruth has 10 acres surrounding her house. She needs to use a Form 948, because she is only entitled to receive credit for 5 acres. By her calculations, she enters $500 on Form 948, Line 6. Ruth also uses 15% of her house for her business. She will multiply $500 by 85% and enter this figure ($425) on Form MO-PTS, Line 11.
Complete one Form MO-CRP, Certification of Rent Paid, for each rented home (including mobile home and/or lot) you occupied during 2005. The Form MO-CRP is on the back of the Form MO-PTS. If two or more unmarried individuals over 18 years of age share a residence and each pay part of the rent, only the portion actually paid by the claimant can be claimed. If the rent receipt or lease is for the total rent amount, then the percentage on Line G of the Form MO-CRP must be used to determine your credit.
Additional persons sharing rent/percentage to be entered: (1 person—50%, 2 people—33%, 3 people—25%). Add the totals from Line 8 on all the Form MO-CRP(s) completed and enter the amount in the first box on Line 12a. Multiply the total by 20 percent and enter the result on Line 12b.
You cannot claim returned check fees, late fees, security and cleaning deposits, or any other deposits.
If your gross rent paid exceeds your household income, you must attach a detailed statement explaining how the additional rent was paid or the claim will be denied.
Attach rent receipt(s) for the whole year or each month or a statement from your landlord, along with Form MO-CRP. The rent receipt(s), or statement must be signed by the landlord and include his/her tax identification or social security number and phone number. Copies of cancelled checks (front and back) will be accepted if your landlord will not provide rent receipts or statement.
Apply Lines 10 and 13 to the Property Tax Credit Chart or in the PDF version of these instructions to determine the amount of your property tax credit.
Your property tax credit is figured by comparing your total income received to 20 percent of your net rent paid or real estate tax paid. To make the comparison and determine your credit, use the Property Tax Credit Chart or in the PDF version of these instructions. Lines are provided on the chart to help you figure this amount.
Example: Ruth paid $800 in real estate tax and her total household income was $14,000. Ruth will apply her tax paid and her total household income to the chart to figure out her credit amount. Since the maximum credit is $750, Ruth will actually use $750 and her total household income of $14,000 to make the comparison. When using the chart, Ruth finds where $14,000 and $750 “meet” to figure her credit. The two numbers “meet” on the chart where the credit amount is $702. Ruth will get a $702 credit for the real estate tax she paid.
STEP 1
Enter all information requested on Lines 1-5. If rent is paid to a relative, the relationship to the landlord must be indicated on Line 1.
STEP 2
Enter on Line 6 the gross rent paid. Exclude rent paid for any portion of your home used in the production of income, and the rent paid for surrounding land with attachments not necessary nor maintained for homestead purposes. Also, exclude any rent paid to your landlord on your behalf by any organization.
STEP 3
If you were a resident of a nursing home or boarding home during 2005, use the applicable percentage on Line 7. If you live in a hotel and meals are included in your rent payment, enter 50 percent; otherwise, enter 100 percent. If two or more unmarried individuals over 18 years of age share a residence and each pay part of the rent, only the portion actually paid by the claimant can be claimed. If the rent receipt or lease is for the total rent amount, then the percentage on Line G of the Form MO-CRP must be used to determine your credit. If none of the reductions apply to you, enter 100 percent on Line 7.
STEP 4
Multiply Line 6 by the percentage on Line 7. Enter this amount on Form MO-CRP, Line 8 and on Form MO-PTS, Line 12a.