Monday, March 23, 2009

Say WHAT?!

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.


Rachael said...

whoa, I thought it was the 8k tax credit being upped to 10k...this is great news! I'm in the same boat you guys are. i have a meeting with a bank tomorrow and i might be putting an offer down on that house this week :) How are things going with the Plymouth house?

CoriLynn said...

Holy Cow! Someone is listenng to my prayers too!