Michigan Treasury: Remember to file taxes before May 17 deadline
Mark Lennihan/AP
FILE - This July 24, 2018, file photo shows a portion of the 1040 U.S. Individual Income Tax Return form. (AP Photo/Mark Lennihan, File)
and last updated 2021-05-10 11:52:41-04
LANSING, Mich. â The Michigan Department of Treasury reminded taxpayers Monday 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.
Thatâs the same deadline as the one set for federal income tax returns by the Internal Revenue Service.
SOM
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.
SOM
Treasury: Taxpayers Should Consider Filing an Amended Return for Unemployment Benefit Tax Relief
April 27, 2021
LANSING, Mich. - Taxpayers who filed their 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.
Ron Leix
LANSING – Taxpayers who filed their 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.
“We have been waiting for the Internal Revenue Service to provide us guidance so we can determine the best way to provide taxpayers tax relief without requiring additional paperwork,” State Treasurer Rachael Eubanks said. “However, we still do not have clear guidance from the IRS. We don’t want to wait any longer to get refunds in taxpayers’ hands during this extraordinary time. That’s why we’
Detroit officials, commission fight over whether charter revision would put city back in bankruptcy
Detroit officials, commission fight over whether charter revision would put city back in bankruptcy
Annalise Frank/Crain s Detroit Business
Detroit financial officials on Monday told state Financial Review Commission members Monday about what they called unfunded mandates in revisions proposed for the city charter. Officials say the costs associated with the revisions would bring Detroit back into state oversight.
Detroit s financial officials and members of the body elected to revise Detroit s charter are feuding over the city s allegations that proposed changes would be too costly and put Detroit on the road to a second bankruptcy.