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The Michigan Treasury is processing both the supplemental checks for the 2022 tax year for the Michigan earned income tax credit and individual income tax refunds for the 2023 tax year.
Michigan taxpayers find it hard to track the status of their refunds early in the 2024 tax season. Supplemental checks are being issued for an expanded state earned income tax credit in 2022 ...
The average tax refund is $3,011 so far this year, up 4.6% from the same time a year ago. ... More: How some Michigan families are getting a bigger Michigan income tax refund.
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 ...
The state taxes dividends and interest at 3% in 2024. The former 5% tax was decreasing by 1% each year, but a 2023 law accelerated the repeal to the start of 2025. [ 15 ] For large businesses, the 0.55% Business Enterprise Tax is essentially an income tax. The state also has a 7.5% (2024) Business Profits Tax.
Supremacy Clause; 4 U.S.C. § 111. Davis v. Michigan Department of Treasury, 489 U.S. 803 (1989), is a case in the Supreme Court of the United States holding that states may not tax federal pensions if they exempt their own state pensions from taxation. [1] In the 1930s, the federal and state governments began to charge income tax on salaries ...
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