Tax Day 2018: What to do if You Owe the IRS Money(AP) - Tax Day is finally here once more. If you’re getting a refund, lucky you. But if you owe the government money, you may be worried that you have to pay the amount due by the filing deadline of April 17 – even if you asked for an extension. Owing the IRS – especially when you don’t have the funds to pay – can cause major stress. But before you let the anxiety get the best of you, know this: The Internal Revenue Service, believe it or not, understands. In addition, you may qualify for a collection alternative to pay off your debt gradually or at a substantially reduced amount.
Michigan City Ranked Richest in the NationBloomberg has ranked American cities by the richest in the country and Michigan's richest community makes the top 20 in the Midwest. Bloomfield Hills, or the zip code 48304, is ranked as the richest and is the only city in the state to make the Midwest's list.
More Work, More Pay? New Rule Extends Overtime To MillionsThe new rule is intended to boost earnings for middle- and lower-income workers, which have been stagnant since the late 1990s.
7 Deductions That Lower Your Taxable IncomeMost folks looking for tax deductions focus on things like mortgage interest, real estate taxes and charitable donations. But tax rule changes that applied in 2013 made them less valuable in cutting taxes for an increasing number of taxpayers.
New Census Data: Incomes Continue To Fall In MichiganNearly six in 10 Detroit children were living below the poverty line as of 2011, and Michigan's overall poverty rate was rising as its average income was falling, according to figures the U.S. Census Bureau released Thursday.
Lower-Income Families May Pay More for Auto InsuranceA study released this week shows that low and moderate income people are limited in job opportunities because they may be forced to pay too much for mandatory auto insurance.
49 State Retirees Collecting Over 100k Through Pension SystemThe larger pensions were earned after many years in public service under a formula approved by the Legislature.
Census: Record Gap Between Rich And Poor
Report: Money Can Buy Happiness
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