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Total Household Resources (THR)

Total Household Resources has three components. The first component is adjusted gross income from the federal return. This consists of wages and any other taxable income. The second component is any nontaxable income a taxpayer receives during the year, such as social security benefits, worker's compensation, or public assistance payments. The third component is the elimination of any net rental, royalty, or business losses, including net operating loss carryovers that are included or reported in adjusted gross income on the Michigan Income tax return or federal return.



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