Michigan income tax rate will increase in 2024, return to 4.25%
Michigan's individual income tax rate will rise in 2024, increasing from 4.05% back to 4.25%.
Michigan's individual income tax rate will rise in 2024, increasing from 4.05% back to 4.25%.
The average tax refund is shrinking this year, while more taxpayers owe money to the IRS.
State officials say the income tax is dropping from 4.25% to 4.05%, which is the first time the state will see a decrease to its lowest since 2007.
Differences in local tax rates across the U.S. can add up for those who live in certain states.
The law, enacted by the Republican-controlled Statehouse at the time, provides a mechanism to reduce the income tax rate when the percentage increase in the general fund exceeds the inflation rate during a fiscal year.
The richest Americans often use trusts and other legal tax dodges to pass their wealth to their heirs tax-free, lawmakers say.
Early IRS data provides a peek at what to expect for the millions of Americans who have yet to file their taxes.
Nation's tax collector says it has improved telephone service from last year, when just 1 in 10 calls were answered.
After a long legal fight, a House panel investigating the former president on Friday released new details of his tax returns.
Under new IRS rule, anyone who earned more than $600 this year by selling things online or doing gig work could face tax hit.
Tax Day 2016 is not on April 15 as usual. Instead, it has been moved to April 17 because of Washington D.C.'s Emancipation Day. Here is a look at why Tax Day is on April 15 to begin with, what Emancipation Day is, and when Tax Day can be moved to a later date.
The legislation requires employers to withhold city income taxes from paychecks of Detroit residents.
Snyder says the law will make it "easier for residents to file their tax returns correctly" and reduce the amount of incorrect property tax credits paid.
Tax breaks can make raising children a little more affordable.
Taxpayers have until Wednesday, April 15, 2015 to file their 2014 tax returns and pay any tax due.
A committee in the Michigan Legislature has voted to cut the state income tax rate from 4.25 percent to 4.05 percent by 2016.
The credit is worth up to $1,200 and is more substantial for seniors and lower-income earners.
Taxpayers could save $371 million in the next budget year and $873 million the year the reduction is fully phased in.
Anticipating a sizable budget surplus, Republican lawmakers want to enact a broad-based tax cut for residents this election year.
With the U.S. staring down the barrel of a default deadline, an economist says an agreement on the budget may be too little, too late.
Experts recommend using some type of guidance to navigate forms and maximize your returns.
So you've prepared your tax return and found that you owe. What should you do if you can't pay?
The IRS expects 75 percent of all 2012 returns will get a refund, so if you haven't started preparing your taxes yet, do it.
Detroit leaders are out to get what the city's owed -- unveiling a plan to collect on debts by both businesses and citizens alike.
Should Michigan residents get a tax credit for a child before it is born?
The summer festival season is here, and Detroit's Movement Music Festival has landed among the best in the U.S. when it comes to happiness.
Nine-year-old Kelvin Ellis Jr. had just received the dollar for good grades, and it was the only money he had to his name.
Prosecutors say Mario Davis, 39, sexually assaulted a woman multiple times in his Fraser home.
Former Warren City Councilman Edward Kabacinski is charged for allegedly carrying a handgun without a license.
Throughout the month of May, the Detroit Animal Care and Control shelter is hosting special adoption events to try to clear the shelter on Chrysler Drive, just south of Clay Street.
The summer festival season is here, and Detroit's Movement Music Festival has landed among the best in the U.S. when it comes to happiness.
Detroit City FC continues their road trip with a matchup against Loudoun United FC this Saturday in Virginia.
Nine-year-old Kelvin Ellis Jr. had just received the dollar for good grades, and it was the only money he had to his name.
Prosecutors say Mario Davis, 39, sexually assaulted a woman multiple times in his Fraser home.
Former Warren City Councilman Edward Kabacinski is charged for allegedly carrying a handgun without a license.
Members of UAW Local 869 are scheduled to vote on May 6 over safety concerns at the plant.
Technology originally developed for homeland security is now available in Michigan to inspect every inch of your car. Developers say UVeye is like getting an MRI for your vehicle.
A bill introduced to the Michigan Legislature is looking to decrease noise pollution around Metro Detroit, more particularly along Woodward Avenue.
Ford Motor Co.'s first-quarter net income fell 24% from a year ago as the company's combustion engine vehicle unit saw revenue and sales decline.
Jeep maker Stellantis is planning to lay off an unspecified number of workers at its U.S. factories in the coming months to deal with a rapidly changing global auto market, the company said Tuesday.
The summer festival season is here, and Detroit's Movement Music Festival has landed among the best in the U.S. when it comes to happiness.
Here's how you can snag $25 tickets to concerts heading to Metro Detroit this year.
See who's nominated for the 77th annual Tony Awards. The Tonys will air live on CBS and Paramount+ on Sunday, June 16.
Paramount said long-time CEO Bob Bakish will leave the company, which is in discussions to explore a sale or merger.
The vinyl sales alone were monumental, Billboard said, with "the largest sales week for an album on vinyl in the modern era."
Nine-year-old Kelvin Ellis Jr. had just received the dollar for good grades, and it was the only money he had to his name.
The retailer says the peelable treats have been "flying off the shelves" ever since TikTokers discovered the candy.
The Texas dairy worker infected by H5N1 "did not disclose the name of their workplace," frustrating investigators.
The 2024 Kentucky Derby will be the 150th running of the high-profile race.
U.S. unemployment rate rose slightly to 3.9% in April, continuing a stretch of remaining under 4% for 27 months.
The Texas dairy worker infected by H5N1 "did not disclose the name of their workplace," frustrating investigators.
Actress Halle Berry joined with a group of bipartisan senators on Thursday to announce new legislation to promote menopause research, training and education.
The Washtenaw County Health Department says the bat was found in the 48108 zip code.
In a neighborhood longing for access to nutritious foods, customers and staff couldn't contain their excitement as the doors finally opened Wednesday at the Detroit People's Food Co-Op.
Plaintiffs have three months to vote on whether to approve a proposed legal settlement that would resolve nearly all talc lawsuits.
Detroit City FC continues their road trip with a matchup against Loudoun United FC this Saturday in Virginia.
The 2024 Kentucky Derby will be the 150th running of the high-profile race.
The game between the Detroit Tigers and St. Louis Cardinals has been postposed Monday night because of inclement weather.
A Royal Oak catering company secured the contract to help feed the draft workers.
The NFL draft enabled the Detroit Lions to turn a potential weakness into a strength by selecting cornerbacks with their first two picks.
The roundtable discusses mobility and the importance of marque events like the 2024 NFL Draft, the Detroit Auto Show and more.
By the time this presidential race is over, Biden, Trump and their entourages may not need Michigan driver's licenses, but they'll know their way around and where the orange barrel construction zones are enough to void them on their way to campaign events.
The Motor City is putting the final touches in place for the 2024 NFL Draft as it rolls into Detroit next week.
Michael Bickers, Regional President of PNC Southeast Michigan/Detroit, and Eric Poe, CEO of CURE Auto Insurance, appeared on CBS Detroit's Michigan Matters.
Businesses across Michigan are feeling optimistic about the future after weathering the historic 100-year health pandemic that impacted every company in one way or another.
Rain chances are confined mainly to the very early, or very late hours this weekend.
The Detroit Animal Care and Control shelter is pushing to find new homes for the dogs up for adoption as it begins the transition to a new facility. Throughout the month of May, it is hosting special adoption events to try to clear the shelter on Chrysler Drive, just south of Clay Street.
University of Michigan President Dr. Santa Ono will testify before Congress on May 23 for a hearing called “Calling for Accountability: Stopping Antisemitic College Chaos."
The Detroit Public Schools Community District says it has seen a surge in consumption of marijuana edibles and vape pens at schools and is urging local, state and federal leaders to implement a policy.
It took a quick reaction to save the life of an Oak Park teacher participating in a friendly basketball game between students and teachers.