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Treasury: State Individual Income Tax Deadline in a Week
May 10, 2021
The Michigan Department of Treasury (Treasury) is reminding taxpayers that state individual income tax returns are due in a week.
State individual income tax returns must be submitted electronically or sent through the U.S. Postal Service before midnight on Monday, May 17. For the convenience of taxpayers, the state s individual income tax deadline is the same date set by the Internal Revenue Service. There is still time to file a return or make a payment, State Treasurer Rachael Eubanks said. Taxpayers who owe taxes should be sure to make their payments on time to avoid penalties and interest. I encourage those taxpayers who may be owed a refund to not wait to file their returns. Every dollar helps right now as we navigate these extraordinary times.
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Fostering Futures Scholarship Application Period Now Open
May 6, 2021
The Michigan Department of Treasury reminds young adults who have experienced foster care on or after their 13
th birthday that they are eligible to apply for a scholarship from the Fostering Futures Scholarship Trust Fund.
The Fostering Futures Scholarship application period for academic year 2021-22 will stay open until June 30, 2021. Eligible students enrolled at a Michigan degree-granting college or university may now apply to receive scholarship funds for tuition, fees, room, board, books and supplies. Fostering Futures Scholarships make a difference in the lives of our foster care youth who aspire to attend college, said Robin Lott, director of the Office of Postsecondary Financial Planning. Those who have experienced foster care typically don t have the support systems in place for college costs. Every dollar helps create opportunities for our youth who have experienced foster care.
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Treasury: Taxpayers Should Consider Filing an Amended State Return for Unemployment Benefit Tax Relief
April 27, 2021
LANSING, Mich. - Taxpayers who filed their state individual income tax returns and collected unemployment benefits in 2020 should consider filing an amended return if they haven t yet received their entitled tax relief, according to the Michigan Department of Treasury.
The federal American Rescue Plan Act excludes unemployment benefits up to $10,200 from income for tax year 2020 for those within certain income brackets, providing tax relief on both federal and state income taxes. Taxpayers who may have anticipated owing taxes may now be entitled to a refund or a lesser payment.
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Treasury: Detroit Individual Income Tax Return Filing and Payment Deadline May 17
May 4, 2021
Taxpayers who pay city of Detroit individual income taxes have until May 17 to file their returns or make payments, according to the Michigan Department of Treasury.
On April 22, Gov. Gretchen Whitmer signed a bi-partisan bill extending city income tax returns. This new law extends the filing deadline for individuals under the City Income Tax Act to match the federal filing deadline, meaning individuals who file a city of Detroit individual income tax return now have until May 17, 2021, to file without incurring penalty or interest.
Individuals who need additional time to file beyond May 17 can request a filing extension until Oct. 15. An extension of time to file does not extend the time to pay the tax.