Taxes

Poll: Where Michigan voters stand on governor candidates, abortion

Michigan voters are feeling motivated to vote in the upcoming gubernatorial election, and one of the major issues driving that motivation is abortion and women’s rights, according to a new WDIV/Detroit News poll.

Money Minute: Crowdfunding -- when the IRS gets involved

Crowdfunding has gained popularity, making it important to understand how it's connected to taxes and the IRS.

Who’s paying for federal student loan forgiveness? Will it increase inflation?

President Joe Biden’s student loan forgiveness program aims to provide thousands of dollars in federal student debt cancellation for millions of Americans. But where does the money come from?

Will Michiganders have to pay income tax on forgiven federal student loan debt?

Many people want to know if they will be expected to pay federal or state income tax on student loan debt that has been forgiven.

Michigan Legislature again OKs tax cuts; Whitmer floats $500 rebate

Both Gov. Gretchen Whitmer and the Republican-led Legislature are proposing new plans to cut taxes but remain at odds over the scope and immediacy of any relief.

Whitmer wants to end Michigan’s retirement tax: How it works

Michigan Gov. Gretchen Whitmer wants to repeal the state’s retirement tax -- here’s a look at how the tax works and why she wants to end it.

Michigan Gov. Gretchen Whitmer proposes a repeal of retirement tax

Michigan Gov. Gretchen Whitmer is proposing a repeal of the retirement tax.

Battling inflation: Here are some ways to simplify your financial planning

Here are some steps that you can take to stretch your money.

Finished your taxes? Take these steps to get ahead for next year

Are you knee-deep in receipts, 1099 forms and W2s? Or are you all done?

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?

Income taxes are due Monday: Here’s what you need to know

Tax Day generally falls on April 15, but this year, most Americans will have to file their individual income taxes by April 18.

That time when Willie Nelson made an album just to pay his IRS debt

Willie Nelson owed millions in taxes, so the IRS came up with an idea to help.

From Homer Simpson to Al Bundy, how TV has had fun with tax season

Tax season can be a reason to laugh, as these famous TV episodes showed.

Inflation and car prices: What’s going on? How did this happen?

It seems like you hear about it more and more these days: The extreme lengths people are going to in order to buy a new house; how much it costs to fill up the gas tank; and what we’re spending at the grocery store.

Everything you need to know about filing a tax extension

If you already anticipate needing some extra time to file your federal tax return, there’s some good news. You can always file for an extension.

Thinking about accounting, but hoping to avoid tax-related jobs? Consider these 5 fun careers

When you hear someone say that he or she is an accountant, do you think of taxes right away?

Top 20 money-saving tips for stay-at-home moms and dads

Have you ever seen this quote floating around the internet? “Impossible only means you haven’t found the solution yet.”

5 situations in which pets can be used for tax breaks

For those animal lovers who spend so much money on their pets and hope to recoup some of that cash spent when tax season arrives, this is the cold, hard reality: For the most part, you can’t.

Is it time to switch to paying quarterly taxes? Here’s when to decide, and how to get it done.

There’s one day each year that sticks out to American taxpayers everywhere, and this year is April 18: Tax Day. But to another group of people -- the ones who make quarterly payments -- there are three other times a year to pay up.

Getting a big tax refund this year? How to make your money go further

If you’re expecting a generous refund this season, you’ll want to make that money work as hard as you do.

How much money is your city getting from Michigan’s marijuana tax revenue?

More than $42.2 million in marijuana tax revenue will be distributed among 163 municipalities and counties in Michigan.

5 things you should know if you’re filing taxes for the first time

If you grew up watching your parents get stressed around tax season, then you're probably not looking forward to filing yourself for the first time.

Michigan AG warns about most popular scams right now

Here are some of the biggest scams you should be aware of right now.

How do I file taxes if I’m working remotely in another state that’s not my residence?

A common aspect of the COVID-19 pandemic over the past two or so years has been more employees working remotely, but that doesn’t necessarily mean all those people were working from their homes.

Tax season 2022: Where to find free, professional tax help in Michigan

Many people do their own taxes, using software like TurboTax, but some may want to find help filing for any number of reasons.

Should I pay my tax bill with a credit card?

For those who will have to pay money on their tax returns, a big question usually follows once the amount owed is determined: Should I put this tax bill on my credit card?

An end to tax havens? How a new global minimum tax rate could affect the world’s economy

Here are facts and figures of the OECD’s plan and what it hopes to achieve.

What is the difference between tax planning and tax compliance?

Did you know when you’re getting ready for tax season, there are two types of preparation methods?

Birmingham School District looking for solutions to $14 million budget problem

Birmingham Public Schools discovered a more than $14 million mid-year budget deficit.

Gov. Gretchen Whitmer likely to veto suspension of Michigan’s gas tax: Here’s why

Michigan Gov. Gretchen Whitmer has signaled that she is going to veto a halt of the state’s gas tax.

Own a home in Detroit? Find out if you can get your property taxes reduced

If you’re a homeowner in the city of Detroit, you may be eligible to have some, or even all, of your taxes exempt.

Earned Income Tax Credit: It could mean thousands in refunds -- how it works

Today’s Money Minute is about a too-often-ignored and under utilized tax credit for lower income earners. It could mean thousands of dollars in tax refunds -- but it’s complicated.