The Michigan Department of Treasury announced that taxpayers with total household income of $71,500 or less may qualify for the homestead property tax credit, which provides relief to eligible homeowners and renters whose housing costs represent a significant share of income. To qualify, taxpayers must have a Michigan homestead, be a Michigan resident for at least six months during the year, and, if a homeowner, have a taxable value of $165,400 or less. [Mich. Dep’t of Treasury, Notice, 03/06/26]
This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.
