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Michigan retirees must work with Schedule 1 and the Michigan Pension Schedule, also known as Form 4884, to figure out their taxes. The state's 40-page instruction booklet offers detailed ...
The net assets of the Defined Benefit plan, valued at $265.8 million as of September 30, 2017, are invested by the Michigan Department of Treasury, Bureau of Investments. In fiscal year 2017, the System paid Defined Benefit plan retirement pensions totaling $23.7 million. [19]
The state treasurer of Michigan functions as the chief financial officer for the U.S. state of Michigan.The state treasurer oversees the collection, investment, and disbursement of all state monies, and also administers major tax laws, safeguards the credit of the state, and distributes revenue sharing monies to local units of government.
On January 17, 2013, Governor Rick Snyder ordered that the Office of Financial and Insurance Regulation (OFIR) be transfer out of the Michigan Department of Licensing and Regulatory Affairs to form a new principal department, the Michigan Department of Insurance and Financial Services, effective March 19, 2013. [3]
The Michigan Department of Treasury also has a phone number to call for information about individual income tax returns, which is 517-636-4486. The phone number can be busy at different times, so ...
But the Michigan Treasury did not start ... but realistically it wasn't a lot of extra money. But Michigan's earned income tax credit now is calculated based on 30% of the federal credit each year ...
In March 2024, a settlement in the injunctive relief portion of the payment card interchange fee case was announced to reduce what are known as "swipe fees" for merchants in the U.S. This change, set to last five years, was expected to save retailers about $30 billion and mark the end of a long-standing legal battle over antitrust issues ...
Paul S. Davis served the federal government as a lawyer for the Securities and Exchange Commission and an administrative law judge. He retired from the federal government in 1980. [6] From 1979 to 1984, he paid $4,299 in Michigan income taxes on his federal retirement benefits. At the time, Michigan exempted its own retirement benefits from ...