Can I deduct these property taxes on my income tax return?1
Property taxes may be deductible on your federal income tax return if you itemize. You may also be eligible for the Michigan Homestead Property Tax Credit on your Michigan income tax return1. Please consult your tax advisor.
What exactly is the Michigan Homestead Property Tax Credit?1
The Michigan homestead property tax credit1 is a method through which some taxpayers can receive a tax credit for an amount of their property tax that exceeds a certain percentage of their household income. This program establishes categories under which homeowners or renters are eligible for a homestead property tax credit. Please consult your tax advisor.