You are NOT eligible to calculate the credit using the Alternate method if: You may not claim heating costs on a vacation home or a home outside of Michigan. You may claim heating costs on your Michigan homestead only. Treasury may request receipts to verify your heating costs. If you purchased bulk fuel (oil, coal, wood, or bottled gas), add your receipts to get your total heating cost. Add the amounts you were billed for heat from Novemthrough October 31, 2022. The alternate credit uses heating costs to compute a home heating credit. Your total household resources level was within the limits for this credit found in Table A.You claimed heat costs for your Michigan home, not a vacation home or a commercial account.You will need to prorate the standard allowance for the time you resided in Michigan if it is less than 12 months. You resided in Michigan for any amount of time in the year of claim.You may be eligible to use the Standard method if: If your heat costs are currently included in your rent, you must check the box on line 10 of the Home Heating Credit Claim. Use Table A to find the standard allowance for the number of exemptions you claimed. The standard credit computation uses standard allowances established by law. Note: You may be required to submit documentation to support your claim. Your income was within the limits in Table A and Table B.You did NOT live in a licensed care facility for the entire year.You did NOT live in college or university operated housing for the entire year.You were NOT a full-time student who was claimed as a dependent on another person’s return.You own or were contracted to pay rent and occupied a Michigan homestead. You may qualify for a home heating credit if all of the following apply: Who qualifies for a Home Heating Credit Claim? The credit is based on a comparison between either your standard credit allowance or your actual heating costs and total household resources. Given that each taxpayer has unique circumstances that determine their eligibility for the credit, the Michigan Department of Treasury encourages you to review the information below and/or contact a tax professional if you have additional questions. The deadline for submitting this form is September 30, 2023. You should complete the Home Heating Credit Claim MI-1040CR-7 to see if you qualify for the credit. The Home Heating Credit is a way the State of Michigan helps low-income families pay some of their heating expenses if they are a qualified Michigan homeowners or renters. Why is the amount of my credit different from what I expected?īefore calling or writing, we suggest you use the Home Heating Credit Checklist.
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