- $7500 tax credit for homeowners- its actually a interest free loan for people who bought their first home
- Deduction of 100% of the Premium of PMI payments ( if income is under $50,000).
Check out the article for more. It's almost 8:00 and two of my favorite money shows comes on back to back- The Dave Ramsey Show and On the Money with Carmen Wong Ulrich.
Until next time, think prosperous thoughts
YBP
1 comment:
Most states have a "homestead exemption" which saves homeowners a substantial amount on property taxes.
For example, in Michigan, the school property tax rate for homeowners is only one-fourth the rate on other property.
Michigan even allows homeowners a "circuit breaker" tax rebate on BILLED property taxes, even if the property taxes have not actually been paid.
Is this a great country or what?
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