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Form 8829 for Detroit Michigan: What You Should Know
The Tier 3 Michigan Standard Deduction is a refundable tax credit for people who meet both of the following criteria: Have claimed the same dependent on more than one federal return. For example, if you filed a joint return for the tax year 2025 (the filing deadline was extended for one year) and your husband claimed him/herself as a dependent on your 2025 tax return, you would receive a 6,000 refund. Your dependent would not be taxed on a reduced income of 10,000. However, the reduced tax on the reduced income is not available for the child's 2025 tax year. This refund would then be given to the husband for filing his 2025 tax return. If you filed tax returns for 2000, 2001, 2002, and 2025 you would not be eligible to receive this credit in 2009. The Tier 3 Michigan Standard Deduction is available to all taxpayers who are not subject to the alternative minimum tax. There is no tax liability for the credit in the year of purchase, but it is not available in the case of subsequent tax returns. The credit is not limited to single filers; the credit is available if you both file a joint return. You may have heard someone on a TV show or radio talk show talk about claiming a 6,000 deduction on their home mortgage by using a form called the Michigan Homeowner's Tax Credit. This is not a tax credit, and it is not limited to single taxpayer's making over a certain income limits. That credit is not available in Michigan. The deduction is only available if you meet the following 2 criteria: Your home is your main home (you and your spouse are the only people who occupy the home) Both you and your spouse (if married filing jointly) are older than 18 at the time you take ownership. Michigan Homeowner's Tax Credit The Michigan homeowner's Tax Credit is a maximum 250 of tax credit available for homebuyer's up to 100,000 or 100% of the home purchase amount, whichever is less. A 250 credit is available to the first 150,000 in qualified home purchase costs. The credit is not available in Michigan.
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