Wisconsin

Homestead Credit (Circuit Breaker)

State: 

Year: 

Record ID: 
WI101_RR21
Variations in Receipt of Benefit : 
Benefit Varies with Income
Benefit Type: 
Circuit Breaker
Benefit: 
The benefit is a refundable state income tax credit for property taxes paid. It is determined by 2 brackets. For those with income at or below $8,060, the credit is 80% of up to $1,460 taxes paid, for a maximum credit of $1,168. For those with income above $8,060 but less than $24,680, the credit is equal to 80% of the amount by which property taxes exceed 8.785% of household income in excess of $8,060. These factors are indexed to inflation. Applications for credits on 2021 real estate tax bills must be filed with the Department of Revenue by April 15, 2026.
How is Benefit Disbursed: 
Credit to the income tax bill
Eligible Property Type: 
Residential
Characteristics of Eligible Property: 
Only residential property and up to 1 acre of surrounding land is eligible for this program. If a homestead that is part of a farm, up to 120 acres are eligible.
Eligibility Criteria: 
Age
Disability
Homeowner
Income Ceiling
Renter
Other Criteria
Description of Eligibility Criteria: 
The claimant must be a homeowner or renter when filing the claim and must have resided in Wisconsin for previous whole prior year when filing the claim. The 2020 income ceiling for households filing in 2021 is $24,680. The claimant or claimant's spouse must meet one of the following criteria: (1) must be 62 years of age or older by the last day of the year before the claim is filed; (2) must be disabled; or (3) must have earned income during the year. The claimant must be over 18 years of age but not claimed as a dependent during the year the to which the claim relates, unless the claimant is 62 years of age or older. To be eligible, the claimant may not be receiving the veterans and surviving spouse property tax credit or a farmland preservation credit for the same year. Homestead credit is not allowed if the claimant received Wisconsin Works (W2) payments for all 12 months of the year.
Local Option Regarding Program Features: 
No local option regarding program features
State Funding for Local Tax Loss: 
State reimburses all of the local government tax loss
Description of State Funding for Tax Loss: 
Benefits are provided as a credit on state income tax.
Local Option in Adoption of Program : 
Local government is unable to exercise an option
Source State Statutes: 
Wis. Stat. § 71.07 (4);
Wis. Stat. § 71.51 ~ § 71.55 (in effect for 2021)
Source Web Page: 
Wisconsin Department of Revenue Website: Claiming a Homestead Credit
[https://www.revenue.wi.gov/Pages/FAQS/ise-home.aspx Accessed 04/29/2022]
View Archived Source
Source Publication: 
Wisconsin Department of Revenue, Wisconsin Homestead Credit Situations and Solutions, (2020)
[https://www.revenue.wi.gov/DOR%20Publications/pb127.pdf Accessed 11/05/2021]
View Archived Source

Wisconsin Department of Revenue Wisconsin Income Tax 2020 Form 1 (2020 income for filing in 2021) Income Tax Form line
[https://www.revenue.wi.gov/TaxForms2020/2020-Form1f.pdf Accessed 04/29/2022]
View Archived Source

Wisconsin Department of Revenue Wisconsin Income Tax 2020 Form 1 Instructions
[https://www.revenue.wi.gov/TaxForms2020/2020-Form1-inst.pdf Accessed 04/29/2022]
View Archived Source

Wisconsin Department of Revenue, Application (Schedule H) for Homestead Credit (2020 taxable information for filing in 2021).
[https://www.revenue.wi.gov/TaxForms2020/2020-ScheduleHf.pdf Accessed 04/29/2022]
View Archived Source

Wisconsin Department of Revenue Wisconsin Homestead Credit 2021 H and H-EZ Instructions
[https://www.revenue.wi.gov/TaxForms2021/2021-ScheduleH-inst.pdf Accessed 04/29/2022]
View Archived Source

Wisconsin Department of Revenue Homestead Tax Credit Program Summary (FY 2018)
[https://www.revenue.wi.gov/dorreports/2018hmsted.pdf Accessed 11/05/2021]
View Archived Source
Footnote: 
In computing household income, a claimant may deduct $500 for each dependent living with the claimant. For renters, property taxes are assumed to be 20% of rent if heat is included or 25% of rent if heat is not included in the rent.
Data Collection Notes: 
Not sure if program summary is published anymore, may have been replaced by Fact Sheet 1116 look for updated program summary as of August 2020 the most recent was FY18

Revision Type: 

Revision Notes: 

11/21/22 AMN verified
4/29/22 VO complete
11/5/21 WP verified
8/25/2020 cc created 2020 record
4/8/19 cc ok
4/5/19 LA verified
01/24/19 SAH updated Source Publication with Situations and Solutions memo and new year application forms, updated filing deadline in Benefit section for 2017 filers.
11/27/18 cc added 2018 returns ok to verifiy
5/7/18 MP updated and changed eligibility requirements to affect new leg
5/7/18 MP updated and added publications and source additional. Changes for 2017 and more coming for 2018
10/9/17 JG updated Source Publication - No legislative changes
5/4/17 EM created 16 record
5/5/16 MM added new source pub for 15
6/5/15 MM updated enrollment data, added source pub, revised benefit
10/30/14 mj created 2014 record; need to add enrollment data when released: http://www.revenue.wi.gov/report/h.html
11/6/13 updated enrollment data and source page
9/19/13 NW added enrollment data, checked for leg updates, updated source page
12/27/12 cc verified 12/20/12, AC: Verified Without Checking
11/5/2010 CS New Record
4/22/2011 cc edited and has been verified
1/17/12 DM see DCN
2/17/2012 GIR: uploaded source publication and source additional

No property tax incentives for specific property improvements found.

State: 

Year: 

Record ID: 
WI004_SP21

Revision Type: 

Revision By: 
Pat
Revision Notes: 

12/19/22 VO verified
3/10/22 WP complete
7/30/21 AW creates 20 record
12/21/20 YP verified
9/8/20 YP creates 19 record
12/9/19 LA verified
3/25/19 YP creates 18 record
08/10/2018 NLA changed status
10/23/17 MP updated
5/23/16 aa: uploaded 2015
10/1/2014 PA makes 2013 record and verifies.

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