Renters in Michigan could organize tenant unions and deduct the cost of repairs they make from their rent under bills Democrats in the Michigan Senate introduced this week. The so-called “Tenant Empowerment Package” would also require renters to receive advance notice of any rent increases before the end of their lease to give them enough […]
Tag: Deduct
Five Medical Costs You Can Actually Deduct on Your Taxes
A woman meeting with a financial advisor to review which medical expenses she could itemize to claim a deduction. Taxpayers can deduct medical expenses by itemizing them on their taxes. However, these deductions may be out of your reach as the current standard deduction is high. In 2024, the standard deduction is $14,600 for individuals […]