Over the last decade Mrs. C. and I have increased our earnings substantially. During our first five years together, from 2005 – 2009 we averaged $30,000 a year. During this time we had 1 kid the entire time, and our second kid was born towards the end of 2008. During these …
You MUST do this before buying a house: Look into Mortgage Credit Certificates (MCCs) in your area. The MCC is a VERY little known about program that can provide a $2,000 tax credit per year (and in some cases more), every year you have a loan on your house. Each …
I am a big fan of tax credits, but what I don’t like is when they are made unnecessarily complicated…like this one. If you can figure out the ins and outs of this tax credit, it is possible to save up to $1,200 per year. The Michigan Homestead property tax …
In the State of Michigan property taxes are vastly different for primary residences and other properties. Primary residences are exempt from an additional 18 mil school tax. Depending on the other taxes in your local area this typically amounts to anywhere from a 25% to a 50% tax savings. For a …