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Home Income

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Do I qualify to buy an Elevation Community Land Trust home ...

Do I qualify to buy an Elevation Community Land Trust home ...

www.elevationclt.org

Using your current employment paystubs*, add the gross income for everyone in your household over age 18, including social security income, child support payments, etc. If anyone is self-employed, use their net income, rather than gross income. Count everyone who lives with you in your household,

  Income, Home

INCOME AND DEDUCTIBLE ITEMS, SUMMARY CHART

INCOME AND DEDUCTIBLE ITEMS, SUMMARY CHART

www.michigan.gov

INCOME AND DEDUCTIBLE ITEMS, SUMMARY CHART * All business income and loss must be netted before considering the effect on THR. A resulting loss cannot be used to reduce THR. Exception: Farmland Preservation Tax Credit continues to be based on household income and not THR. Business losses and NOL deductions are allowed in household income.

  Income

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