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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 ...
“HB 6061 would undo a nearly 30-year-old pension reform that has been working effectively to manage financial risks and personnel costs for state agency employers and which has helped taxpayers ...
A struggling union pension fund for more than 22,500 metro Detroit carpenters and millwrights is getting a $635 million federal bailout, saving retirees from big cuts to their pension checks next ...
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 ...
expansion of the Elliott-Larsen Civil Rights Act to include sexual orientation, gender identity, hair style and texture, and more (LGBT protections signed on March 16, 2023, [6] CROWN Act signed June 15, 2023 [7]) Repeal of Act 328, which de jure bans abortion, homosexuality, adultery and other behaviors (abortion ban repeal signed April 5 ...
The Average Retirement Age in 2023 in the US vs Canada 3 Things You Must Do When Your Savings Reach $50,000 7 Ways To Squeeze the Absolute Most Out of an Average Salary
The Social Security Fairness Act, which would increase benefits for 2.8 million retirees, has bipartisan support but time running out. Social Security bill to expand benefits is in the hands of ...
For 2023, IRA deductions for singles covered by a retirement plan at work aren't allowed the deduction after their modified adjusted gross income (MAGI) hits $83,000, versus $78,000 in 2022.