taxes

A divided Michigan Senate approved bills that lower the state’s individual and corporate income taxes Thursday. The bills would drop tax rates to 3.9%.

The Michigan House of Representatives passed legislation Tuesday to lower the state’s income tax rate to 3.9% from 4.25%.

Among the changes, the corporate income tax rate would be lowered from 6.0% to 3.9%. The individual income tax rate would drop from 4.25% to 3.9%.

The IRS is "in the roughest shape it's been in in 50 years," says former commissioner Mark Everson. The agency, he says, is understaffed, has more work than it can handle and is underfunded.

Michiganders have more time to file their state and city income taxes. Governor Gretchen Whitmer signed bipartisan bills Thursday that extend the 2021…

It is the second consecutive year the agency has given taxpayers more time to file their returns because of the coronavirus pandemic.

Mayors from Michigan cities that collect income taxes, including Lansing and East Lansing, are backing a plan that would protect expected income tax…

Gov. Gretchen Whitmer on Wednesday vetoed bills that would have further delayed tax payments amid the coronavirus pandemic, citing harm to local budgets…

The Speaker of the House says a part of Governor Gretchen Whitmer’s budget is dead on arrival.Whitmer presented her budget proposal this week. In it, she…

The Michigan Supreme Court is hearing a dispute over $1,611. The result, however, will carry a much higher price, impacting millions of dollars now raked…