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.
The IRS has started accepting 2020 tax returns: What to know
DETROIT – Friday is the first day you can submit your tax information to the IRS. Financial expert Tom Hakim said you should do a review of last year, get all your paperwork together. When you file make sure you update your personal information and banking information -- that way if another stimulus check is issued you will get it without delay. AdThe IRS has made changes to the tax bracket -- here’s what it will mean for youEarlier this week, the IRS announced the 2021 tax year annual inflation adjustments for more than 60 tax previsions. Those include tax rate schedules and other tax changes.
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.
Court shields Trump tax returns, likely until after election
With a temporary stay in place and Trump expecting a return to the Supreme Court, it's unlikely that the case will be resolved or any tax returns will be turned over before the November election. Trump's lawyers argued that a stay keeping the tax returns under wraps will protect him from irreparable harm such as leaks from secret grand jury proceedings while they appeal a lower-court ruling two weeks ago that granted Manhattan District Attorney Cyrus Vance Jr.'s office access to Trump's tax returns. At that stage, Trump's lawyers argued that the subpoena was issued in bad faith, overly broad, might have been politically motivated and amounted to harassment. Were not allowed to make that public, which is what has led to his speculation about the grand jury scope. Trump is the only modern president who has refused to release his tax returns.