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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 ...
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 filing deadline for most 2023 federal and state of Michigan income tax returns is April 15, 2024.
The unanimous ruling by a three-judge panel is a blow to Republican lawmakers, some business groups, and the Mackinac Center for Policy.
Michigan’s flat state income tax rate rose for 2024 to 4.25%, and the law surrounding the state’s pension deduction also changed, as part of a phaseout of the state’s three-tier retirement ...
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 ...
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.
The WEP reduces Social Security benefits for individuals who get a pension from a job that didn’t require them to pay taxes into the program (despite having worked other jobs that did), while ...
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related to: michigan pension tax repeal 2023 form printable