Missouri Property Tax Credit

09/19/2024

Understanding the Missouri Property Tax Credit Claim

The Missouri Property Tax Credit Claim is a valuable program designed to provide financial relief to certain senior citizens and 100 percent disabled individuals. This program offers a credit based on the real estate taxes or rent paid for the year, helping to ease the financial burden on eligible residents.

Key Benefits

• Maximum Credit: The credit can be up to $750 for renters and $1,100 for homeowners.

• Eligibility: The actual credit amount is determined by the amount paid and the total household income, both taxable and nontaxable.

Eligibility Criteria

1. Renters / Part-Year Owners:

   • Single: Total household income must be $27,200 or less.

   • Married Filing Combined: Total household income must be $29,200 or less.

   • 100% Service-Connected Disabled Veterans: VA payments are not included in the income calculation.

2. Owned and Occupied Your Home the Entire Year:

   • Single: Total household income must be $30,000 or less.

   • Married Filing Combined: Total household income must be $34,000 or less.

   • 100% Service-Connected Disabled Veterans: VA payments are not included in the income calculation.

How to Apply

To apply for the Missouri Property Tax Credit, you can visit the Missouri Department of Revenue Tax Credit website1. Here, you will find detailed information on the application process, required documentation, and additional resources to assist you.

Conclusion

The Missouri Property Tax Credit Claim is an essential program for eligible senior citizens and disabled individuals, offering significant financial relief. By understanding the eligibility criteria and applying for the credit, you can take advantage of this beneficial program to reduce your financial burden.

For more detailed information and to apply, visit the Missouri Department of Revenue Tax Credit website1.

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