Minnesota Property Tax Refund/Renter's Credit - Household Income?

[zeros]

In computing this refund, do you add the dependent children's income for total household income?

[Koss]

Form M1PR

zeros wrote:

In computing this refund, do you add the dependent children's income for total household income?

Ummm... No.

According to the instructions for the form--

Your total household income is not the same income listed on your income tax return. It is your federal adjusted gross income, plus types of nontaxable income (lines 2–5), minus your dependent, elderly or disabled subtraction (line 7).

Total household income is calculated right on the form. It begins with federal AGI, and then you add and subtract certain things. Line 5 involves adding a bunch of stuff, and some of it is really weird. Page 8 of the instruction book has a laundry list of things you have to add on Line 5. Among them are nontaxable combat pay, the military housing allowance, municipal bond interest, and... excluded gain on the sale of your principal residence. Okaaaaay.

For homeowners (not renters), Line 5 also requires adding into the household income "the income of persons, other than a spouse, dependent or renter for the period of time that they lived with you during the year" (emphasis supplied).

In other words, your girlfriend's income. Or your father's income, if he lived with you, did not pay rent, and is not your dependent.

You don't include the income of dependents.

BMK