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Like many Michigan retirees, John Harnois is looking forward to saving good money on his state income taxes, thanks to a repeal of the so-called "retirement tax" beginning in 2023.. Now, if ...
The filing deadline for most 2023 federal and state of Michigan income tax returns is April 15, 2024.
red flag law (signed May 23, 2023 [9]) repeal of the state's retirement tax; raising the state's earned income tax credit from 6% to 30%; universal pre-K; investment in renewable energy such as wind and solar power; requirement for utilities to deliver 100% renewable energy by 2040 [10]
As a result, the maximum Michigan earned income tax credit is $2,229 for 2023 for lower income households with three or more qualifying children. With one qualifying child, the federal credit can ...
The State of Michigan provides a pension for all former members of the Michigan National Guard (Army or Air) who meet specific eligibility requirements. [13] To receive the benefit, applicants must have reached age 55, separated from service, and have served a minimum of 19 years, 6 months and 1 day of active service in the State Defense Forces ...
So far this tax season, Michigan has processed 531,000 individual tax returns for 2023 and issued $338 million in refunds. "We’re rocking and rolling," Leix said.
A bill analysis of the Senate legislation conducted by the Senate Fiscal Agency found that on top of Michigan’s current $49 billion worth of unfunded pension liabilities to pay off, “other ...
The unanimous ruling by a three-judge panel is a blow to Republican lawmakers, some business groups, and the Mackinac Center for Policy.
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