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TAX SEASON


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Governor Whitmer takes action on tax relief in Michigan, promotes True Gretch Memoir

Read full article: Governor Whitmer takes action on tax relief in Michigan, promotes True Gretch Memoir

As the tax filing deadline approaches, Governor Gretchen Whitmer is making the rounds to communities across the State of Michigan.

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5 things you should know if youโ€™re filing taxes for the first time

Read full article: 5 things you should know if youโ€™re filing taxes for the first time

If you grew up watching your parents get stressed around tax season, then you're probably not looking forward to filing yourself for the first time.

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United Way of Washtenaw County to offer free tax help to locals

Read full article: United Way of Washtenaw County to offer free tax help to locals

Trained program volunteers assist those who qualify with tax preparation at the United Way of Washtenaw County (UWWC) office at 2305 Platt Rd.

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Money Minute: How tax credits can help you this tax season

Read full article: Money Minute: How tax credits can help you this tax season

Itโ€™s tax season once again, and you should be taking every tax credit that you qualify for. Here's why.

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IRS gets $15M to find out if it can create online tax return system so Americans can file for free

Read full article: IRS gets $15M to find out if it can create online tax return system so Americans can file for free

The Inflation Reduction Act provides $15 million for the IRS to study how it could create a program that allows Americans to file their taxes for free.

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Income taxes are due Monday: Hereโ€™s what you need to know

Read full article: Income taxes are due Monday: Hereโ€™s what you need to know

Tax Day generally falls on April 15, but this year, most Americans will have to file their individual income taxes by April 18.

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Tax season 2022: Where to find free, professional tax help in Michigan

Read full article: Tax season 2022: Where to find free, professional tax help in Michigan

Many people do their own taxes, using software like TurboTax, but some may want to find help filing for any number of reasons.

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Earned Income Tax Credit: It could mean thousands in refunds -- how it works

Read full article: Earned Income Tax Credit: It could mean thousands in refunds -- how it works

Todayโ€™s Money Minute is about a too-often-ignored and under utilized tax credit for lower income earners. It could mean thousands of dollars in tax refunds -- but itโ€™s complicated.

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Quiz: How much do you know about income tax?

Read full article: Quiz: How much do you know about income tax?

You likely know what โ€œincomeโ€ means, and of course youโ€™re aware of federal and state taxes, and the fact that we have to do them (or have them prepared for us, in some cases), every year. But how much do you know about income tax overall?

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Tax Help 4 You: Your guide to tax season FAQs, helpful links for federal, state filings

Read full article: Tax Help 4 You: Your guide to tax season FAQs, helpful links for federal, state filings

Tax season is upon us, and you probably have some questions about filing this year.

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Quiz: How much do you know about the tax basics?

Read full article: Quiz: How much do you know about the tax basics?

Tax season is officially here, meaning you have the next couple months to get those returns filed! This yearโ€™s IRS deadline is April 18.

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Scammers working overtime amid tax season: What to know

Read full article: Scammers working overtime amid tax season: What to know

We're sharing important information about how thieves are trying to trick you as you work to file your taxes right now.

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Get Caught Up: Clearing up confusion surrounding changes to child tax credit

Read full article: Get Caught Up: Clearing up confusion surrounding changes to child tax credit

Thereโ€™s an important update for the thousands of people who took advantage of the child tax credit last year.

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Clearing the confusion surrounding changes to the child tax credit

Read full article: Clearing the confusion surrounding changes to the child tax credit

Thereโ€™s an important update for the thousands of people who took advantage of the child tax credit last year.

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Money Monday: Your tax returns can help you create a financial plan

Read full article: Money Monday: Your tax returns can help you create a financial plan

The 2021 tax season officially ends Monday at midnight, but experts are encouraging people not to simply โ€œfile and forget.โ€

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Money Monday: Over $1B unclaimed in 2017 US tax refunds

Read full article: Money Monday: Over $1B unclaimed in 2017 US tax refunds

Millions of Americans leave millions of dollars in tax refunds on the table each year by not filing their taxes.

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Money Monday: IRS to issue unemployment tax refunds in May

Read full article: Money Monday: IRS to issue unemployment tax refunds in May

Under the U.S.โ€™ American Rescue Plan, unemployment benefits received in 2020 are not taxable -- to a certain extent.

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Money Monday: Why you donโ€™t want a big tax refund

Read full article: Money Monday: Why you donโ€™t want a big tax refund

It may seem backward, but the truth is: Itโ€™s better if arenโ€™t receiving a large tax refund this tax season.

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Red flags to look for amid tax scam season

Read full article: Red flags to look for amid tax scam season

According to the Better Business Bureau, tax scams are still a problem this year. If you havenโ€™t filed your taxes yet this season, donโ€™t put it off any longer! The IRS discovers cases of identity theft because personal information is stolen and a fake claim for a refund is filed. โ€œThe IRS is not going to contact you and give you those high pressure tactics,โ€ Blankenship said. โ€œThere are unfortunately people out there that theyโ€™re banking on the fact that youโ€™re not going to look into them any further, especially if they look professional,โ€ Blankenship said.

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Taxes: Answers to top FAQs about Social Security income

Read full article: Taxes: Answers to top FAQs about Social Security income

Even for those of us who think we have some knowledge about anything tax related, it can be a stressful time. And it's certainly not a time when you want to play a guessing game.

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From Homer Simpson to Al Bundy, how TV has had fun with tax season

Read full article: From Homer Simpson to Al Bundy, how TV has had fun with tax season

Tax season can be a reason to laugh, as these famous TV episodes showed.

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Finished your taxes? Take these steps to get ahead for next year

Read full article: Finished your taxes? Take these steps to get ahead for next year

Are you knee-deep in receipts, 1099 forms and W2s? Or are you all done?

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Why you should do your taxes early, and how to get started

Read full article: Why you should do your taxes early, and how to get started

It is easy to put off doing your taxes until the last minute. No one likes to deal with the IRS, and sometimes, procrastination happens as a result.

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Tax season: Answering pandemic tax questions

Read full article: Tax season: Answering pandemic tax questions

Hank Winchester is Local 4's Consumer Investigative Reporter and the head of WDIV's "Help Me Hank" Consumer Unit. He works to solve consumer complaints, reveal important recalls and track down thieves who have ripped off metro Detroiters.

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Tax season: Can you write off your home office if you are temporarily working from home?

Read full article: Tax season: Can you write off your home office if you are temporarily working from home?

That shift to working from home could have a big impact on your income taxes. If you are a 1099 employee then you can take a home office deduction. โ€œA lot of people were expecting to be able to write off their home office when in fact they canโ€™t,โ€ Luis Garcia with the IRS said. If youโ€™re a gig worker, sub contractor of self employed -- or have a side hustle -- and use your home office only for that business then you can get the home office deduction. Itโ€™s important to note that if youโ€™re thinking of selling your home in the near future then youโ€™re going to have to give back the deduction you receive now.

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This checklist will help ensure you have everything prepared for filing this tax season

Read full article: This checklist will help ensure you have everything prepared for filing this tax season

Regardless of whether youโ€™ve paid someone for help or tried to do it on your own, even just gathering all the data you need for filing your federal income taxes can seem daunting.

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The IRS has started accepting 2020 tax returns: What to know

Read full article: The IRS has started accepting 2020 tax returns: What to know

DETROIT โ€“ Friday is the first day you can submit your tax information to the IRS. Financial expert Tom Hakim said you should do a review of last year, get all your paperwork together. When you file make sure you update your personal information and banking information -- that way if another stimulus check is issued you will get it without delay. AdThe IRS has made changes to the tax bracket -- hereโ€™s what it will mean for youEarlier this week, the IRS announced the 2021 tax year annual inflation adjustments for more than 60 tax previsions. Those include tax rate schedules and other tax changes.

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Michigan to begin processing individual income tax returns mid-Feb.

Read full article: Michigan to begin processing individual income tax returns mid-Feb.

Business men work with calculator and laptop on the white table at officeThe state of Michigan will process individual income tax returns beginning Friday, Feb. 12, officials announced Wednesday. The Michigan Department of Treasury says it will begin processing state income tax returns at the same time the IRS does -- on Feb. 12. โ€œWe coordinate with the IRS to process tax returns and issue refunds,โ€ said State Treasurer Rachael Eubanks. Michigan income tax returns and payments of taxes owed must be received by the state by April 15, 2021. You can learn more about individual income tax in Michigan at the treasuryโ€™s website here.

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Financial expert offers advice on navigating unique tax season during pandemic

Read full article: Financial expert offers advice on navigating unique tax season during pandemic

DETROIT โ€“ As with so many things during the pandemic filing your taxes this year is very different. There is a whole new list of challenges for many who may have collected unemployment or suffered job loss. This year here is what you need to know if you collected unemployment or a stimulus check. โ€œI just think it is the craziest year because there are so many moving parts,โ€ said financial expert, Tom Hakim. AdFor those of you who have collected unemployment or received stimulus checks, you need to know how this could affect your taxes.

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For some, credit cards are a major part of tax season, survey finds

Read full article: For some, credit cards are a major part of tax season, survey finds

Tax season and credit cards seem to go hand-in-hand like peanut butter and jelly, at least if you believe the findings of a recent study conducted by Credit Card Insider. Using SurveyMonkey to conduct an online survey of 3,114 adults from Feb. 3-5, Credit Card Insider found out the following information when it comes to how important credit cards are for people during tax season. 14% of respondents who expected to owe this year planned on using a credit card to pay their taxes. Of those expecting a tax refund, 40% had credit card debt. 75% of those with debt plan to use their tax refund toward paying it off.

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Struggling to file your taxes? Get your questions answered

Read full article: Struggling to file your taxes? Get your questions answered

DETROIT โ€“ Tax season is underway. If youโ€™re struggling to start filing your taxes because you have questions there is help. Experts with the Michigan Association of Certified Public Accountants are here to answer questions. Call 313-298-WDIV with questions -- Phone line remains open until 6:30 p.m.

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Struggling to file your taxes? Get your questions answered

Read full article: Struggling to file your taxes? Get your questions answered

Struggling to file your taxes? Get your questions answeredPublished: February 27, 2020, 4:20 pmTax season is underway. If youโ€™re struggling to start filing your taxes because you have questions there is help.

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Tax Season 2020: Breakdown of new tax brackets, other changes to know

Read full article: Tax Season 2020: Breakdown of new tax brackets, other changes to know

The IRS has made inflation adjustments to a range of key figures, from the amount you can put in a 401(k) retirement plan to the individual income tax brackets that help you determine your tax rate. Here are your new tax brackets in 2020:2020 Tax Brackets. (IRS)The IRS has also increased standard deduction for the 2020 tax year, which could reduce your taxable income. IRS retirement savings contribution limits. For 2020, the lifetime gift and estate tax exemption has increased again.

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