Tax
Every post about tax, newest first.
Service businessesSection 179 work truck: the 2026 rules for trades
A work truck bought for Section 179 in 2026 must be in service by December 31 and used over 50% for business. The IRS limits, the 6,000 pound line and the log.
Service businessesW-2 box 12 code TT: overtime records a Michigan shop keeps
From 2026 employers report qualified overtime on Form W-2, box 12, code TT, with no penalty relief. What a Michigan trades shop tracks before December 31.
Service businesses1099-NEC threshold 2026: what a Michigan contractor changes
The 1099-NEC threshold is $2,000 for 2026, up from $600. What a Michigan service business changes in its subcontractor records before January.
Real estateMichigan property tax uncapping: what a buyer pays
When a Michigan house changes hands the taxable value uncaps to half the sale price the year after. Here is the arithmetic, and what it does to the bill.
Real estateMichigan Property Transfer Affidavit: deadline and penalty
The Michigan Property Transfer Affidavit is due 45 days after closing. Late, it runs $5 a day: $200 cap on a home you live in, $4,000 on one you do not.