Taxes
How to avoid overpaying taxes
Read full article: How to avoid overpaying taxesIt’s an unavoidable topic this time of year – taxes. However, there is more to tax season than just trying to file them. This is also a good time to think about your retirement – and come up with a plan that will have you paying the least amount of taxes when you start withdrawing from your retirement accounts.
Nonprofit offers help with tax preparation, IRS issues and small business finances
Read full article: Nonprofit offers help with tax preparation, IRS issues and small business financesAccounting Aid Society, a local nonprofit dedicated to supporting the financial well-being of individuals and families, offers a variety of free services to make the process easier.
Why Shohei Ohtani’s heavily-deferred contract could be model pro athletes ask for going forward
Read full article: Why Shohei Ohtani’s heavily-deferred contract could be model pro athletes ask for going forwardOhtani has decided to defer $680 million of the contract until after his playing days are over, meaning he’ll take in roughly $2 million of salary each year for the duration of the contract that will run through 2033.
Want to learn how to do taxes and do some good? Nonprofit offers tax law training for volunteers
Read full article: Want to learn how to do taxes and do some good? Nonprofit offers tax law training for volunteersThe 2024 tax season doesn’t start until January 30, but one nonprofit wants you to start thinking about it now as they search for volunteers.
Ann Arbor organizations receive tax credits for new affordable housing in Kerrytown
Read full article: Ann Arbor organizations receive tax credits for new affordable housing in KerrytownThe Catherine Street property will consist of 62 one-bedroom apartments and one two-bedroom apartment in the historic Kerrytown district.
IRS aims to go paperless by 2025 as part of its campaign to conquer mountains of paperwork
Read full article: IRS aims to go paperless by 2025 as part of its campaign to conquer mountains of paperworkMost taxpayers will be able to digitally submit a slew of tax documents and other communications to the IRS next filing season and the agency plans to go completely paperless in 2025.
Michigan taxpayers to receive income tax reduction next year: What to know
Read full article: Michigan taxpayers to receive income tax reduction next year: What to knowMichigan taxpayers will see even more savings next year due to the state’s high revenues, with the state treasurer announcing Wednesday that the income tax rate will temporarily be lowered to 4.05% from 4.25%.
Michigan attorney general says income tax cut for 2023 is temporary
Read full article: Michigan attorney general says income tax cut for 2023 is temporaryMichigan's Democratic Attorney General Dana Nessel says an income tax rate reduction expected to be triggered next month by the state’s high revenues will be temporary and will revert back to the normal rate the following year.
You’ve filed your taxes -- now, what should you do with those documents?
Read full article: You’ve filed your taxes -- now, what should you do with those documents?If you’ve finally gotten your taxes filed, you’re probably ready to put it all away and move on. Have you considered which documents you should keep? And for how long?
Finalized Michigan inflation relief plan doesn’t include $180 individual relief checks
Read full article: Finalized Michigan inflation relief plan doesn’t include $180 individual relief checksAn inflation relief plan in Michigan is heading to the gov.'s office for approval, but will not include the initially-promised individual relief checks for taxpayers.
Wayne County Treasurer offering property tax help on Saturdays through March
Read full article: Wayne County Treasurer offering property tax help on Saturdays through MarchThe Wayne County Treasurer will be offering additional office hours on Saturdays for the next several weeks for residents who need to pay delinquent property taxes.
You can file your federal taxes online for free if you made $73K or less
Read full article: You can file your federal taxes online for free if you made $73K or lessIf your adjusted gross income (AGI) was $73,000 or less, you can use one of the Free File IRS partner offers to file a free federal tax return. Some of the programs offer free state returns too.
Poll: Most Michigan voters think road conditions staying the same, support bond debt to fix roads
Read full article: Poll: Most Michigan voters think road conditions staying the same, support bond debt to fix roadsMost Michigan voters believe road conditions in the state have pretty much stayed the same while Gov. Gretchen Whitmer has been in office, according to a new WDIV/Detroit News poll.