Renters credit in Minnesota
Varies
Can Renters Get a Tax Break in Minnesota?
Short answer: Yes: Minnesota offers the Renter's Credit. Refundable credit for renters based on household income and rent paid, up to $2,720, claimed on Schedule M1RENT with Form M1. Household income below $79,330 for 2026; full- or part-year Minnesota resident; cannot be claimed as a dependent; building must pay property tax or payments in lieu of property tax; landlord-issued Certificate of Rent Paid (CRP) required.
Landlords must give you a CRP by January 31. If you aren't required to file a Minnesota return, you have 3.5 years from the April 15 due date to claim the credit. Rent on your own home isn't deductible on your federal return; the exceptions are a home office used for your business or renting out part of the place you rent.
Records to keep: Keep your lease, rent receipts or a landlord rent certificate, and proof of household income. Check your state's current-year form and deadline before you apply.
Renters credit in Minnesota
Varies
Individuals / Personal Taxes
Yes: Minnesota offers the Renter's Credit. Refundable credit for renters based on household income and rent paid, up to $2,720, claimed on Schedule M1RENT with Form M1. Household income below $79,330 for 2026; full- or part-year Minnesota resident; cannot be claimed as a dependent; building must pay property tax or payments in lieu of property tax; landlord-issued Certificate of Rent Paid (CRP) required.
Business justification
Yes: Minnesota offers the Renter's Credit. Refundable credit for renters based on household income and rent paid, up to $2,720, claimed on Schedule M1RENT with Form M1. Household income below $79,330 for 2026; full- or part-year Minnesota resident; cannot be claimed as a dependent; building must pay property tax or payments in lieu of property tax; landlord-issued Certificate of Rent Paid (CRP) required. Landlords must give you a CRP by January 31. If you aren't required to file a Minnesota return, you have 3.5 years from the April 15 due date to claim the credit. Rent on your own home isn't deductible on your federal return; the exceptions are a home office used for your business or renting out part of the place you rent.
Category
- Personal Tax Deductions