The Michigan Department of Treasury has been made aware that some "Reminder of Tax Due" letters sent to taxpayers contain an incorrect toll-free (1-800) TTY number, which may connect callers to a potential scam. Taxpayers with questions regarding unpaid individual income taxes are asked to contact the Treasury directly at 517-636-4486. We apologize for any confusion or concern this may have caused.
Are there expenses that First-Time Home Buyer Saving Account funds cannot be used for?
Yes, funds in a first-time home buyer savings account may not be commingled with funds that would be used for purposes other than to pay or reimburse for eligible costs associated with the purchase of a single-family residence. In other words, account funds may not be held in a first-time home buyer savings account and withdrawn and used for any purpose other than to pay or reimburse for “eligible costs,” i.e., a down payment and “allowable closing costs.”