Michigan Senate OKs $10K tax credit for homebuyers
The Michigan Senate has approved a state income tax credit for people who buy a house in 2009 or 2010. Homebuyers could claim a credit for 10 percent of the purchase price or $10,000, whichever is less.
The legislation won approval 36-0 Thursday and moves to the House.
So, this means that Jeff and I could potentially have $18k to put towards home improvements $8k from the federal government and $10k from the state...someone upstairs is DEFINETELY listening to my prayers.