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.
Some City of Detroit residents who mailed in their income taxes got their envelopes back “return to sender.”
Millions of people are getting a jump on filing their tax returns now that they have received their W-2s and 1099 forms. And for most, the incentive to get moving is to get that tax refund in their bank account as soon as possible.
A dispute over a postmark is costing a lawyer a $64,000 refund from the Internal Revenue Service.
Mayor Dave Bing says individuals or companies that owe income taxes to the city can pay their back taxes without penalty from Jan. 22 through Feb. 16.
The recently released tape of Romney speaking to donors at a closed door fundraiser has exposed Mitt Romney to, in fact, be the person Democrats have portrayed him to be: a rich, out of touch, arrogant man that has no respect or connection to the American middle class and absolutely no interest in making the American middle class stronger.
Romney thought he was talking amongst his teammates in the locker room last May 17 only to find out that there was somebody on the other team hiding behind the lockers. Had he known a member of the other team was lurking back there, he would have chosen his words more carefully and had presented more carefully-chosen data than the data of which he swiftly generalized.
A new report says Michigan’s low-income working families will pay an estimated $244 million more in state income taxes next year because of reductions in the state’s earned income tax credit.
Tax season is again upon us, and you don’t like to fill out your own income taxes, there are some things to remember when picking out a tax preparer.
Michigan may be lucky to see much of an economic boost from new tax laws that take effect in 2012.