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2. 3 big changes coming to 2023 Michigan income tax returns ...

   www.aol.com/3-big-changes-coming-2023-120337411.html

   Some 700,000 households in Michigan will benefit from a far more generous Michigan earned income tax credit for working families. The credit jumps from 6% in 2021 to 30% in 2022, 2023 and 2024 ...

3. Michigan retirees run into some early software ... - AOL

   www.aol.com/michigan-retirees-run-early-software...

   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 ...

4. Earned income tax credit: What kind of income counts ... - AOL

   www.aol.com/earned-income-tax-credit-kind...

   The maximum earned income tax credit in Michigan is $2,229 for 2023 for those with three or more qualifying children. ... Proposed child tax credit changes might create confusion on 2023 returns.

5. Earned income tax credit - Wikipedia

   en.wikipedia.org/wiki/Earned_income_tax_credit

   The United States federal earned income tax credit or earned income credit ( EITC or EIC) is a refundable tax credit for low- to moderate-income working individuals and couples, particularly those with children. The amount of EITC benefit depends on a recipient's income and number of children. Low-income adults with no children are eligible. [1]

6. Gretchen Whitmer - Wikipedia

   en.wikipedia.org/wiki/Gretchen_Whitmer

   In 2023, she signed a bipartisan $1 billion package of tax cuts into law. The legislation repealed the retirement tax, quintupled the Michigan Earned Income Tax Credit, and allocated up to $500 million per year of corporate taxes towards the state's fund for business incentives.

7. Child tax credit (United States) - Wikipedia

   en.wikipedia.org/wiki/Child_tax_credit_(United...

   Background. A tax credit enables taxpayers to subtract the amount of the credit from their tax liability. In the United States, to calculate taxes owed, a taxpayer first subtracts certain "adjustments" (a particular set of deductions like contributions to certain retirement accounts and student loan interest payments) from their gross income (the sum of all their wages, interest, capital gains ...

8. How some Michigan families are getting a bigger Michigan ...

   www.aol.com/michigan-families-getting-bigger...

   About 34,900 people in Michigan did not file a 2020 federal income tax return and continue to be owed nearly $38.3 million. But they're going to lose a chance at getting that money, if they don't ...

9. 2015 Michigan Proposal 1 - Wikipedia

   en.wikipedia.org/wiki/2015_Michigan_Proposal_1

   2015 Michigan Proposal 1, also known as the Michigan Sales Tax Increase for Transportation Amendment, was a referendum held on May 5, 2015, concerning a legislatively-referred ballot measure. The measure's approval would have caused one constitutional amendment and 10 statutes to go into effect. It is estimated that Proposal 1 would raise state ...