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Taxes

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.

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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.

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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.

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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.

Quiz: How much do you know about income tax?

You likely know what “income” means, and of course you’re aware of federal and state taxes, and the fact that we have to do them (or have them prepared for us, in some cases), every year. But how much do you know about income tax overall?

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Michigan House leaders pass bill for 6-month pause in 27-cent per gallon gas tax

Michigan Gov. Gretchen Whitmer has asked federal leaders to lift the federal gas tax to lower gas prices for drivers.

Strange tax deductions that were approved by the government

When it comes to tax write-offs, many people will stretch the limits to see what they can get away with.

9+ deductions you should be making if you are self-employed

Whether you’re new to owning your own business or a seasoned vet, taxes can be so stressful. It’s easy to overlook things or simply forget an item here and there.

What exactly is ‘jock tax?’

Tax season is busier than usual for professional athletes and the people they put in charge of their taxes.

What are tax havens, and who benefits from them?

Tax havens, also known as offshore financial centers, are a country or jurisdiction that has minimal tax liabilities to foreign individuals or businesses.

Taxes: Answers to top FAQs about Social Security income

Even for those of us who think we have some knowledge about anything tax related, it can be a stressful time. And it's certainly not a time when you want to play a guessing game.

Taxes: Answers to FAQs about dependents, exemptions

Even if we think we have some knowledge about anything tax-related, it can be a stressful time. And it's certainly not a time when you want to play a guessing game.

Tax Help 4 You: Your guide to tax season FAQs, helpful links for federal, state filings

Tax season is upon us, and you probably have some questions about filing this year.

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Money Minute: Tax forms available for Michigan unemployment claimants

Michigan residents waiting for their tax forms from the Michigan Unemployment Agency can now get them online.

Tax forms for Michigan unemployment claimants now available online

Michigan residents waiting for their tax forms from the Michigan Unemployment Agency can now get them online.

Flashpoint Interview: Wayne County treasurer talks approaching property tax deadline

This week on Flashpoint, we’re talking with Wayne County Treasurer Eric Sabree, who discusses the end of foreclosure moratoriums and the important property tax deadline that’s approaching.

10 celebrities busted for tax issues

These 10 celebrities found out the hard way not to mess with the IRS.

Michigan House GOP plan: Cut income tax, expand exemption for seniors

House Republicans have begun passing legislation that would cut Michigan’s income tax, provide tax breaks for more retirees and help local governments reduce their pension debt.

Quiz: How much do you know about the tax basics?

Tax season is officially here, meaning you have the next couple months to get those returns filed! This year’s IRS deadline is April 18.

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