House Republicans voted last week to end the earned income tax credit as part of a $1.2 billion road-funding plan, saving at least $115 million a year.
Backers say the overall package would eventually generate at least $1 billion a year for funding the roads.
The credit is worth up to $1,200 and is more substantial for seniors and lower-income earners.
Some charitable organizations in Michigan have reported a decline in donations following tax changes that eliminated state credits for financial gifts to food banks, homeless shelters and certain nonprofits.
Experts recommend using some type of guidance to navigate forms and maximize your returns.
Should Michigan residents get a tax credit for a child before it is born?
Republican lawmakers have long wanted to get rid of a tax on equipment they say is keeping manufacturers from hiring more workers. But there’s a hitch, since many local officials don’t trust lawmakers to make up the lost funds.
The Michigan Department of Treasury has begun processing home heating credits for low-income residents.
Saturday is a big day for local charities in Michigan: It’s the last day you can get a state tax credit for donating to food banks, universities and other non-profits.
Michigan lawmakers have approved a large tax credit that’ll bring new life to the boarded up Ford Wixom plant.