INSIDER
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 MemoirAs the tax filing deadline approaches, Governor Gretchen Whitmer is making the rounds to communities across the State of Michigan.
Why Shohei Ohtaniโs heavily-deferred contract could be model pro athletes ask for going forward
Read full article: Why Shohei Ohtaniโs heavily-deferred contract could be model pro athletes ask for going forwardOhtani has decided to defer $680 million of the contract until after his playing days are over, meaning heโll take in roughly $2 million of salary each year for the duration of the contract that will run through 2033.
Want to learn how to do taxes and do some good? Nonprofit offers tax law training for volunteers
Read full article: Want to learn how to do taxes and do some good? Nonprofit offers tax law training for volunteersThe 2024 tax season doesnโt start until January 30, but one nonprofit wants you to start thinking about it now as they search for volunteers.
Ann Arbor organizations receive tax credits for new affordable housing in Kerrytown
Read full article: Ann Arbor organizations receive tax credits for new affordable housing in KerrytownThe Catherine Street property will consist of 62 one-bedroom apartments and one two-bedroom apartment in the historic Kerrytown district.
IRS aims to go paperless by 2025 as part of its campaign to conquer mountains of paperwork
Read full article: IRS aims to go paperless by 2025 as part of its campaign to conquer mountains of paperworkMost taxpayers will be able to digitally submit a slew of tax documents and other communications to the IRS next filing season and the agency plans to go completely paperless in 2025.
Michigan taxpayers to receive income tax reduction next year: What to know
Read full article: Michigan taxpayers to receive income tax reduction next year: What to knowMichigan taxpayers will see even more savings next year due to the stateโs high revenues, with the state treasurer announcing Wednesday that the income tax rate will temporarily be lowered to 4.05% from 4.25%.
Michigan attorney general says income tax cut for 2023 is temporary
Read full article: Michigan attorney general says income tax cut for 2023 is temporaryMichigan Attorney General Dana Nessel said Tuesday that an income tax rate reduction expected to be triggered for the 2023 tax year by the stateโs high revenues will be temporary and will revert back to the normal rate the following year.
Youโve filed your taxes -- now, what should you do with those documents?
Read full article: Youโve filed your taxes -- now, what should you do with those documents?If youโve finally gotten your taxes filed, youโre probably ready to put it all away and move on. Have you considered which documents you should keep? And for how long?
Finalized Michigan inflation relief plan doesnโt include $180 individual relief checks
Read full article: Finalized Michigan inflation relief plan doesnโt include $180 individual relief checksAn inflation relief plan in Michigan is heading to the gov.'s office for approval, but will not include the initially-promised individual relief checks for taxpayers.
5 things you should know if youโre filing taxes for the first time
Read full article: 5 things you should know if youโre filing taxes for the first timeIf 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.
Wayne County Treasurer offering property tax help on Saturdays through March
Read full article: Wayne County Treasurer offering property tax help on Saturdays through MarchThe Wayne County Treasurer will be offering additional office hours on Saturdays for the next several weeks for residents who need to pay delinquent property taxes.
You can file your federal taxes online for free if you made $73K or less
Read full article: You can file your federal taxes online for free if you made $73K or lessIf your adjusted gross income (AGI) was $73,000 or less, you can use one of the Free File IRS partner offers to file a free federal tax return. Some of the programs offer free state returns too.
Poll: Most Michigan voters think road conditions staying the same, support bond debt to fix roads
Read full article: Poll: Most Michigan voters think road conditions staying the same, support bond debt to fix roadsMost Michigan voters believe road conditions in the state have pretty much stayed the same while Gov. Gretchen Whitmer has been in office, according to a new WDIV/Detroit News poll.
Poll: Where Michigan voters stand on expanding early voting, private school tax credits
Read full article: Poll: Where Michigan voters stand on expanding early voting, private school tax creditsMost Michigan voters support increasing the time frame for in-person voting and preparing absentee ballots before Election Day, but donโt fully support giving tax credits to private school donors, according to a new poll.
Poll: How Michigan voters feel about abortion, overturning Roe, possible ballot proposal
Read full article: Poll: How Michigan voters feel about abortion, overturning Roe, possible ballot proposalA majority of Michigan voters โstrongly disagreeโ with the Supreme Courtโs decision to overturn the 1973 landmark ruling in Roe v. Wade, according to a new WDIV/Detroit News poll.
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 freeThe 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.
Poll: Where Michigan voters stand on governor candidates, abortion
Read full article: Poll: Where Michigan voters stand on governor candidates, abortionMichigan voters are feeling motivated to vote in the upcoming gubernatorial election, and one of the major issues driving that motivation is abortion and womenโs rights, according to a new WDIV/Detroit News poll.
Whoโs paying for federal student loan forgiveness? Will it increase inflation?
Read full article: Whoโs paying for federal student loan forgiveness? Will it increase inflation?President Joe Bidenโs student loan forgiveness program aims to provide thousands of dollars in federal student debt cancellation for millions of Americans. But where does the money come from?
Will Michiganders have to pay income tax on forgiven federal student loan debt?
Read full article: Will Michiganders have to pay income tax on forgiven federal student loan debt?Many people want to know if they will be expected to pay federal or state income tax on student loan debt that has been forgiven.
Michigan Legislature again OKs tax cuts; Whitmer floats $500 rebate
Read full article: Michigan Legislature again OKs tax cuts; Whitmer floats $500 rebateBoth Gov. Gretchen Whitmer and the Republican-led Legislature are proposing new plans to cut taxes but remain at odds over the scope and immediacy of any relief.
Inflation and car prices: Whatโs going on? How did this happen?
Read full article: Inflation and car prices: Whatโs going on? How did this happen?It seems like you hear about it more and more these days: The extreme lengths people are going to in order to buy a new house; how much it costs to fill up the gas tank; and what weโre spending at the grocery store.
5 situations in which pets can be used for tax breaks
Read full article: 5 situations in which pets can be used for tax breaksFor those animal lovers who spend so much money on their pets and hope to recoup some of that cash spent when tax season arrives, this is the cold, hard reality: For the most part, you canโt.
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 worksTodayโs 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 itโs complicated.
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 โincomeโ means, and of course youโre 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?
9+ deductions you should be making if you are self-employed
Read full article: 9+ deductions you should be making if you are self-employedWhether youโre new to owning your own business or a seasoned vet, taxes can be so stressful. Itโs easy to overlook things or simply forget an item here and there.
Flashpoint Interview: Wayne County treasurer talks approaching property tax deadline
Read full article: Flashpoint Interview: Wayne County treasurer talks approaching property tax deadlineThis week on Flashpoint, weโre talking with Wayne County Treasurer Eric Sabree, who discusses the end of foreclosure moratoriums and the important property tax deadline thatโs approaching.
Michigan House GOP plan: Cut income tax, expand exemption for seniors
Read full article: Michigan House GOP plan: Cut income tax, expand exemption for seniorsHouse Republicans have begun passing legislation that would cut Michiganโs income tax, provide tax breaks for more retirees and help local governments reduce their pension debt.
United Way of Washtenaw County awarded $275,000 Michigan Enhancement Grant
Read full article: United Way of Washtenaw County awarded $275,000 Michigan Enhancement GrantThe Michigan Enhancement Grant will support the programs over two years, allowing United Way of Washtenaw County to provide free financial help and services to Washtenaw County families in need.
Michigan Gov. Whitmer discusses initiatives laid out in address: โPeople donโt give a rip that itโs an election yearโ
Read full article: Michigan Gov. Whitmer discusses initiatives laid out in address: โPeople donโt give a rip that itโs an election yearโMichigan Gov. Gretchen Whitmer was out and about in Flint on Thursday, the first stop in what sheโs calling her โPost State of the State Tour.โ
Local 4โฒs Devin Scillian sits down with Michigan Gov. Gretchen Whitmer after her State of the State address
Read full article: Local 4โฒs Devin Scillian sits down with Michigan Gov. Gretchen Whitmer after her State of the State addressMichigan Gov. Gretchen Whitmer was out and about in Flint on Thursday, the first stop in what sheโs calling her โPost State of the State Tour.โ
Michigan Gov. Gretchen Whitmer pushes targeted tax cuts after State of the State address
Read full article: Michigan Gov. Gretchen Whitmer pushes targeted tax cuts after State of the State addressIn her State of the State address Wednesday (Jan. 26) night, Michigan Gov. Gretchen Whitmer laid out her priorities, including targeted tax cuts.
Michigan Gov. Gretchen Whitmer pushes targeted tax cuts after State of the State address
Read full article: Michigan Gov. Gretchen Whitmer pushes targeted tax cuts after State of the State addressIn her State of the State address Wednesday (Jan. 26) night, Michigan Gov. Gretchen Whitmer laid out her priorities, including targeted tax cuts.
Sunday Read: Did you get advance child tax credits in 2021? What to know before filing taxes
Read full article: Sunday Read: Did you get advance child tax credits in 2021? What to know before filing taxesIf you accepted advance child tax credits in 2021, youโll want to know this information before you file taxes.
Whitmer OKs extending Michigan development tax incentives by 5 years
Read full article: Whitmer OKs extending Michigan development tax incentives by 5 yearsMichigan developers with โtransformationalโ plans to redevelop brownfield sites can continue to seek tax incentives after Gov. Gretchen Whitmer and the Legislature extended the program for an additional five years.
Giving Tuesday: How these 4 tax break changes for 2021 can enhance contributions
Read full article: Giving Tuesday: How these 4 tax break changes for 2021 can enhance contributionsFor those who plan on donating to a charitable organization for Giving Tuesday, there could be some opportunities to receive money back when filing taxes next year.
Sunday Read: IRS issues tax year 2022 annual inflation adjustments: What to know
Read full article: Sunday Read: IRS issues tax year 2022 annual inflation adjustments: What to knowThe Internal Revenue Service announced the tax year 2022 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.
IRS issues tax year 2022 annual inflation adjustments: What to know
Read full article: IRS issues tax year 2022 annual inflation adjustments: What to knowThe Internal Revenue Service announced the tax year 2022 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.
Detroit to host drive up application event for HOPE property tax exemption program
Read full article: Detroit to host drive up application event for HOPE property tax exemption programIn October, Detroit Mayor Mike Duggan introduced the Renew Detroit program. The program will provide free home repairs to eligible city homeowners using funds from the American Rescue Plan Act (ARPA).
178K Michigan households will receive additional Home Heating Credit payment
Read full article: 178K Michigan households will receive additional Home Heating Credit paymentMore than 178,000 Michigan households who received Home Heating Credits for the 2020 tax year are receiving an additional one-time payment this month, the state announced.
Boosted child tax credits to hit bank accounts starting this week: What to know
Read full article: Boosted child tax credits to hit bank accounts starting this week: What to knowMost U.S. families will receive increased child tax credits this year as part of the American Rescue Plan enacted earlier this year by President Joe Biden.
Boosted child tax credits to hit bank accounts starting today: What to know
Read full article: Boosted child tax credits to hit bank accounts starting today: What to knowMost U.S. families will receive increased child tax credits this year as part of the American Rescue Plan enacted earlier this year by President Joe Biden.
Boosted child tax credits to hit bank accounts starting July 15: What to know
Read full article: Boosted child tax credits to hit bank accounts starting July 15: What to knowMost U.S. families will receive increased child tax credits this year as part of the American Rescue Plan enacted earlier this year by President Joe Biden.
Boosted child tax credits to hit bank accounts starting July 15: How much, who qualifies
Read full article: Boosted child tax credits to hit bank accounts starting July 15: How much, who qualifiesMost U.S. families will receive increased child tax credits this year as part of the American Rescue Plan enacted earlier this year by President Joe Biden.
Revenue from marijuana tax to be put towards equity programs in Washtenaw County
Read full article: Revenue from marijuana tax to be put towards equity programs in Washtenaw CountyThe Washtenaw County Board of Commissioners approved of a budget amendment committing the annual marijuana tax revenue, expected to be more than $200,000, to the equity issues in the county.
Bills nearing Gov. Whitmerโs desk would exempt Michigan businesses from taxes on PPE
Read full article: Bills nearing Gov. Whitmerโs desk would exempt Michigan businesses from taxes on PPEMichigan businesses with COVID-19 safety protocols could retroactively seek a refund for sales taxes paid on personal protective equipment, disinfecting products and plexiglass barriers under bills nearing the desk of Gov. Gretchen Whitmer.
Southfield rap duo Deuces Wild accused of stealing millions with fraudulent tax returns
Read full article: Southfield rap duo Deuces Wild accused of stealing millions with fraudulent tax returnsA female rap duo out of Southfield called โDeuces Wildโ is accused of filing fraudulent tax returns and stealing millions of dollars.