Missouri Form MO-PTS

Understanding the Missouri Property Tax Credit Form (MO-PTS)

The Missouri Property Tax Credit Claim Form, also known as Form MO-PTS, is a crucial document for Missouri residents who are 65 or older, disabled, 100% disabled veterans as a result of military service or their surviving spouses aged 60 and above receiving benefits. This form is filed alongside your Missouri state tax return Form MO-1040 or MO-1040P. Its primary purpose is to provide eligible residents with a property tax credit, helping to alleviate the financial burden of property taxes.

How to Fill Out the MO-PTS Form

Filling out the MO Property Tax Credit Form might seem daunting, but by following these simple steps, you can complete it with ease:

1. Personal Information: Start by filling out your personal information, including your name, address, and Social Security number on the form.
2. Select Your Qualification: Next, you need to choose only one qualification that fits you best from the options given:
   • If you are 65 years of age or older, attach Form SSA-1099
   • For 100% disabled veterans, attach the letter from the Department of Veterans Affairs.
   • If 100% disabled, attach the letter from Social Security Administration or Form SSA-1099.
   • As a surviving spouse aged 60 or older, attach Form SSA-1099.
3. Income Details: Enter your income details as it appears on Form MO-1040, Line 6, including nontaxable social security benefits, pensions, annuities, rental income, and any veterans payments or public assistance received.
4. Property Information: For property owners, enter the total amount of property tax paid, excluding special assessments or $1,100, whichever is less. Renters are asked to enter the amount from their Certification of Rent Paid.
5. Net Household Income: Calculate your net household income by subtracting the specified deductions from your total income. This sum will determine eligibility for the claim.
6. Tax Credit Calculation: Refer to the chart in the MO-1040 instructions (pages 49-51) to calculate your property tax credit. Enter the calculated figure on Form MO-1040, Line 43.

Submission Deadline and Address

Form MO-PTS must be submitted along with the Missouri Department of Revenue Property Tax Credit Claim by the deadline for filing your state tax return, which is usually April 15th, unless the date falls on a weekend or a holiday, extending the deadline. Send your completed form and attachments to:

Missouri Department of Revenue
P.O. Box 300
Jefferson City, MO 65105-0300

Ensure that all necessary documentation and the Missouri Property Tax Credit Claim Form (Form MO-PTS) are submitted timely to avoid any delays or issues with your claim. Proper submission guarantees that eligible Missouri residents can benefit from the property tax credit offered.