1a, Wi-Z, & Telefile Wisconsin Income Tax Instructions Page 14

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10
Line Instructions
Homeowner's School Property Tax Credit Table*
Line 21 (Line 9 of Form WI-Z)
Working Families Tax Credit
If Property Taxes
If Property Taxes
If Property Taxes
If Property Taxes
are:
are:
are:
are:
If your income is less than the amount
Line 20b
Line 20b
Line 20b
Line 20b
indicated below for your filing status, you
(Line 8b
(Line 8b
(Line 8b
(Line 8b
on Form
on Form
on Form
on Form
may claim the working families tax credit.
WI-Z)
WI-Z)
WI-Z)
WI-Z)
But
But
But
But
At
Less
Credit
At
Less
Credit
At
Less
Credit
At
Less
Credit
Exception You may not claim the work-
Least
Than
is
Least
Than
is
Least
Than
is
Least
Than
is
ing families tax credit if you may be
$
$
$
$
$
$
$
$
$
$
$
$
1
25
2
625
650
77
1,250 1,275
152
1,875 1,900
227
claimed as a dependent on another
25
50
5
650
675
80
1,275 1,300
155
1,900 1,925
230
person's (for example, your parent's) in-
50
75
8
675
700
83
1,300 1,325
158
1,925 1,950
233
75
100
11
700
725
86
1,325 1,350
161
1,950 1,975
236
come tax return.
100
125
14
725
750
89
1,350 1,375
164
1,975 2,000
239
Single or Head of Household
125
150
17
750
775
92
1,375 1,400
167
2,000 2,025
242
150
175
20
775
800
95
1,400 1,425
170
2,025 2,050
245
• If the amount on line 12 of Form 1A
175
200
23
800
825
98
1,425 1,450
173
2,050 2,075
248
(line 1 of Form WI-Z) is $9,000 or less,
200
225
26
825
850
101
1,450 1,475
176
2,075 2,100
251
your working families tax credit is equal
225
250
29
850
875
104
1,475 1,500
179
2,100 2,125
254
to your tax. Fill in the amount from line
250
275
32
875
900
107
1,500 1,525
182
2,125 2,150
257
18 of Form 1A (line 7 of Form WI-Z) on
275
300
35
900
925
110
1,525 1,550
185
2,150 2,175
260
line 21 of Form 1A (line 9 of Form WI-Z).
300
325
38
925
950
113
1,550 1,575
188
2,175 2,200
263
325
350
41
950
975
116
1,575 1,600
191
2,200 2,225
266
• If the amount on line 12 of Form 1A
350
375
44
975 1,000
119
1,600 1,625
194
2,225 2,250
269
(line 1 of Form WI-Z) is more than
375
400
47
1,000 1,025
122
1,625 1,650
197
2,250 2,275
272
$9,000 but less than $10,000, use the
400
425
50
1,025 1,050
125
1,650 1,675
200
2,275 2,300
275
worksheet below to compute your
425
450
53
1,050 1,075
128
1,675 1,700
203
2,300 2,325
278
working families tax credit.
450
475
56
1,075 1,100
131
1,700 1,725
206
2,325 2,350
281
475
500
59
1,100 1,125
134
1,725 1,750
209
2,350 2,375
284
• If the amount on line 12 of Form 1A
(line 1 of Form WI-Z) is $10,000 or more,
500
525
62
1,125 1,150
137
1,750 1,775
212
2,375 2,400
287
525
550
65
1,150 1,175
140
1,775 1,800
215
2,400 2,425
290
fill in 0 on line 21 (line 9 of Form WI-Z).
550
575
68
1,175 1,200
143
1,800 1,825
218
2,425 2,450
293
You do not qualify for the working
575
600
71
1,200 1,225
146
1,825 1,850
221
2,450 2,475
296
families tax credit.
600
625
74
1,225 1,250
149
1,850 1,875
224
2,475 2,500
299
2,500 or more 300
*Caution
The credit allowed certain persons may be less than the amount indicated.
See “Special Cases” on page 8.
c. If you, or you and your spouse, owned
Working Families Tax Credit Worksheet
a home jointly with one or more other
Do not complete this worksheet if:
persons, you may only use that portion
of the property taxes that reflects your
• Line 12 of Form 1A or line 1 of Form WI-Z is $9,000 or less ($18,000 or less if
married filing a joint return).
percentage of ownership. For example,
if you and another person (not your
• Line 12 of Form 1A or line 1 of Form WI-Z is $10,000 or more ($19,000 or more if
spouse) jointly owned a home on which
married filing a joint return).
taxes of $1,500 were paid, each of you
• You may be claimed as a dependent on another person’s return.
would claim a credit based on $750 of
taxes.
1. Amount from line 18 of Form 1A (line 7 of Form WI-Z) . . . 1.
2. Total credits from lines 19, 20a, and 20b of Form 1A
Step 2 Use the Homeowner’s School
(lines 8a and 8b of Form WI-Z) . . . . . . . . . . . . . . . . . . . . . 2.
Property Tax Credit Table on the top of
3. Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . 3.
this page to figure your credit. Fill in the
4. Fill in $10,000 ($19,000 if married
amount of your credit on line 20b (line 8b
filing a joint return) . . . . . . . . . . . . . . . 4.
on Form WI-Z).
5. Fill in amount from line 12 of
Form 1A (line 1 of Form WI-Z) . . . . . . 5.
Caution If you also claimed the renter’s
credit on line 20a (line 8a on Form WI-Z),
6. Subtract line 5 from line 4 . . . . . . . . . . 6.
the total of your renter’s and homeowner’s
7. Divide line 6 by one thousand (1,000).
credits may not be more than $300 ($150
Fill in decimal amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.
.
if married filing as head of household).
8. Multiply line 3 by line 7. This is your working families
tax credit. Fill in this amount on line 21 of Form 1A
(line 9 of Form WI-Z) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.

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