Tax professionals

With renters now claiming the Renter’s Credit on Form M1 and Schedule M1RENT, look for these changes to Form M1PR for homeowners:


* Schedule M1PR-AI has been replaced with the expansion of Line 6 on Form M1PR. There is now space to list three different types of non-taxable income.
* Mobile homeowners should use the worksheet in the instructions to file Form M1PR using both their 2025 property tax statement and 2024 Certificate of Rent paid for lot rent.
* Schedule 1 on Form M1PR has been replaced with new Schedule M1PR-SR. If your client qualifies for a special refund, you will need to complete this schedule and attach it to Form M1PR.

*Will the homestead credit move to Form M1 in the future? *

The Legislature would have to change Minnesota tax law to change Form M1PR into an income tax credit.

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