"When Michiganders file their 2023 state income taxes in 2024, they will see the rate adjustment in the form of less tax owed or a larger refund." The tax cut is the result of a 2015 law that required the rate go into effect if Michigan's general fund grew fast...
137 thoughts on “Michigan State Unemployment, Stimulus and Tax Credit Programs – Latest News and Updates” Burujah May 13, 2022 at 1:37 PM My goodness! They refuse to pay the PEUC. But it is not updates in the MIWAM Policy Book. We are tired of the excuses with this Agen...
People who qualify for the Earned Income Tax Credit, which is also known as the Working Families Tax Credit, could pay less in both federal and state taxes, pay no tax or get a tax refund. In 2023, Gov. Gretchen Whitmer signed legislation that increased the average refund...
On September 11, 2014, Michigan Governor Rick Snyder signed legislation (SB 156) retroactively repealing the Multistate Tax Compact (Compact, formerly codified at MCL § 205.581et seq.) from the state statutes, effective January 1, 2008. Among other things, the bill’s passage ostensibly supersed...
a portion of it back to Michigan. Michigan's current rate is 4.25% which is where it was for years before there was a slight decrease down to 4.05% in 2023. The flat rate isn't bad, but after looking around at some other states, losing the state income tax wouldn't be a bad ...
LatestState of Michigan Retirement SystemNews Consider Action Before Year End on Michigan Corporate Income Tax Refund Opportunity Dec 11, 2024 To embed, copy and paste the code into your website or blog: A potential refund opportunity under the Michigan corporate income tax may justify taking act...
The article reports on the enactment of a legislation in Michigan that allows taxpayers who paid the 6 percent use tax on certain services to apply for a refund. Those who will fail to remit the tax to the state or return it to the client will be penalized. An annual surcharge to the ...
Nesbitt did not rule out the proposal but also said it is not a “No. 1 priority,” saying people gain much more from the federal credit than the state credit. The credits are refundable, meaning recipients get a refund if they exceed their tax liability. ...
Tax time generally means 'scam time'. I'm sure you may have noticed an increase in all thespamandphishing emailsyou've gotten lately. I myself have received several emails claiming I have anunpaid parking citationandanunclaimed tax refund-- how could one girl be so lucky?
Does the IRS Share Voluntary Disclosure Information with State or Local Authorities? In recent years, the IRS has greatly expanded itsvoluntary disclosure program, where taxpayers who have committed intentional or unintentional violations of the tax code can be brought back into compliance without facing...