Letter from attorney to opposing counsel requesting documentation concerning homestead exemption for change of venue motion.
Homestead Exemption With Multiple Owners In Oakland
Category:
State:
Multi-State
County:
Oakland
Control #:
US-0032LTR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
The U.S. tax code provides tax advantages for married couples who file jointly and own a home. While duplicating these tax benefits with another residence would help your bottom line when you file taxes, it's not possible to claim two primary residences because of tax regulations from the IRS.
You may claim your Michigan home only if you own it and occupy it as your principal residence. You may not have more than one principal residence.
A homestead can protect the $50,000. There are two types of homesteads, automatic and declared.
You may claim your Michigan home only if you own it and occupy it as your principal residence. You may not have more than one principal residence.
