Michigan pushes due date for individual income tax returns back to May 17
LANSING, Mich. – The due date for Michigan individual income tax annual returns has been pushed back to May 17, the state treasury department announced. Gretchen Whitmer announced the new filing deadline after the IRS extended its deadline to May 17. Changing the state’s filing and payment deadlines can help individuals figure out their next steps as we navigate these extraordinary times.”AdUnder the new deadline, state individual income tax annual returns and payments are due before 11:59 p.m. May 17. Taxpayers who are owed a refund are encouraged to file their state income tax returns so they can receive their refunds. They should estimate their tax liability and pay any taxes owed by May 17 to avoid additional interest or penalties, state officials said.
Michigan to begin processing individual income tax returns mid-Feb.
Business men work with calculator and laptop on the white table at officeThe state of Michigan will process individual income tax returns beginning Friday, Feb. 12, officials announced Wednesday. The Michigan Department of Treasury says it will begin processing state income tax returns at the same time the IRS does -- on Feb. 12. “We coordinate with the IRS to process tax returns and issue refunds,” said State Treasurer Rachael Eubanks. Michigan income tax returns and payments of taxes owed must be received by the state by April 15, 2021. You can learn more about individual income tax in Michigan at the treasury’s website here.
If you made $72K or less then you can file your federal taxes for free online
Did you know that 70 percent of Americans are eligible to file their federal taxes for free online? If your adjusted gross income (AGI) was $72,000 or less than you can use one of the Free File IRS partner offers. Are you one of the 70% of Americans eligible to file your taxes for free online using one of the Free File IRS partner offers? IRSREAD: The IRS has made changes to the tax bracket -- here’s what it will mean for youAbout the IRS Free File ProgramIRS Free File is a partnership between the IRS and the Free File Alliance. The Free File Alliance is a group of private-sector tax preparation companies that agreed to provide free commercial online tax preparation and electronic filing.
Michigan gives certain businesses affected by COVID-19 extra time to make tax payments
LANSING, Mich. – Michigan is giving certain businesses, including restaurants, that have been affected by the COVID-19 pandemic extra time to make tax payments. Restaurants that depend on indoor dining and most entertainment and recreational venues are included in this extension, according to state officials. “Businesses impacted by COVID-19 have made incredible sacrifices to protect their communities, their employees and their customers,” Michigan Gov. On Wednesday, Michigan Whitmer said the state hopes to resume indoor dining at restaurants by Feb. 1, as long as COVID-19 metrics meet state standards. Gordon said indoor dining is inherently risky in terms of spreading COVID-19 because it requires people from different households to remove their masks while indoors.
Michigan women seek $27M refund from state in tampon tax lawsuit
Michigan currently imposes a 0.06% sales tax on most goods, including menstrual products. In administering and enforcing the (tampon tax), the (state Treasury) maintains a tax on women.The lawsuit comes as the coronavirus (COVID-19) pandemic continues to negatively financially impact Americans -- particularly, and disproportionately, Michigan women, the plaintiffs argue. According to the complaint, Michigan women comprised 49 percent of the U.S. workforce but accounted for 55 percent of job losses in April amid the pandemic. A bill was introduced to the Michigan Legislature in 2016 regarding ending the tampon tax, but no real change came of it. Some states, including Montana, New York, Ohio and Pennsylvania no longer tax menstrual products.
Heres what to do if you missed Michigans income tax return filing deadline on July 15
Individual income tax returns were supposed to be filed by July 15 in Michigan -- an-already extended deadline amid the coronavirus (COVID-19) pandemic. State income tax returns can be claimed within four years. For Michigan tax filers who missed the July 15 deadline, the state treasury listed the following actions to consider:Filing a return to claim an outstanding refund. Taxpayers risk losing their state income tax refund if they dont file a return within four years from the due date of the original return. For more information or an application, visit www.michigan.gov/oicOfficials say the last three options listed above should be filed separately from the state income tax return.