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A final push is underway to get the state Legislature to expand a tax break for working poor people before the end of the year.
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The IRS is increasing energy-related tax breaks, as well as standard deductions for single and married people and heads of households.
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Eligible educators include K-12 teachers, principals, teachers' aides or counselors who spend more than 900 hours at the school during the academic year.
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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%.
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The Michigan House of Representatives passed legislation Tuesday to lower the state’s income tax rate to 3.9% from 4.25%.
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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%.
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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.
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Michiganders have more time to file their state and city income taxes. Governor Gretchen Whitmer signed bipartisan bills Thursday that extend the 2021…
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It is the second consecutive year the agency has given taxpayers more time to file their returns because of the coronavirus pandemic.
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Mayors from Michigan cities that collect income taxes, including Lansing and East Lansing, are backing a plan that would protect expected income tax…