Michigan income tax rate will increase in 2024, return to 4.25%
Michigan's individual income tax rate will rise in 2024, increasing from 4.05% back to 4.25%.
Michigan's individual income tax rate will rise in 2024, increasing from 4.05% back to 4.25%.
The average tax refund is shrinking this year, while more taxpayers owe money to the IRS.
State officials say the income tax is dropping from 4.25% to 4.05%, which is the first time the state will see a decrease to its lowest since 2007.
Differences in local tax rates across the U.S. can add up for those who live in certain states.
The law, enacted by the Republican-controlled Statehouse at the time, provides a mechanism to reduce the income tax rate when the percentage increase in the general fund exceeds the inflation rate during a fiscal year.
The richest Americans often use trusts and other legal tax dodges to pass their wealth to their heirs tax-free, lawmakers say.
Early IRS data provides a peek at what to expect for the millions of Americans who have yet to file their taxes.
Nation's tax collector says it has improved telephone service from last year, when just 1 in 10 calls were answered.
After a long legal fight, a House panel investigating the former president on Friday released new details of his tax returns.
Under new IRS rule, anyone who earned more than $600 this year by selling things online or doing gig work could face tax hit.
Tax Day 2016 is not on April 15 as usual. Instead, it has been moved to April 17 because of Washington D.C.'s Emancipation Day. Here is a look at why Tax Day is on April 15 to begin with, what Emancipation Day is, and when Tax Day can be moved to a later date.
The legislation requires employers to withhold city income taxes from paychecks of Detroit residents.
Snyder says the law will make it "easier for residents to file their tax returns correctly" and reduce the amount of incorrect property tax credits paid.
Tax breaks can make raising children a little more affordable.
Taxpayers have until Wednesday, April 15, 2015 to file their 2014 tax returns and pay any tax due.
A committee in the Michigan Legislature has voted to cut the state income tax rate from 4.25 percent to 4.05 percent by 2016.
The credit is worth up to $1,200 and is more substantial for seniors and lower-income earners.
Taxpayers could save $371 million in the next budget year and $873 million the year the reduction is fully phased in.
Anticipating a sizable budget surplus, Republican lawmakers want to enact a broad-based tax cut for residents this election year.
With the U.S. staring down the barrel of a default deadline, an economist says an agreement on the budget may be too little, too late.
Experts recommend using some type of guidance to navigate forms and maximize your returns.
So you've prepared your tax return and found that you owe. What should you do if you can't pay?
The IRS expects 75 percent of all 2012 returns will get a refund, so if you haven't started preparing your taxes yet, do it.
Detroit leaders are out to get what the city's owed -- unveiling a plan to collect on debts by both businesses and citizens alike.
Should Michigan residents get a tax credit for a child before it is born?
Police are investigating a vehicle crash that killed a 4-year-old boy on Monday on Interstate 75 in Detroit.
United Auto Workers union members at Stellantis' Warren Stamping Plant voted on Monday to authorize a strike over health and safety concerns.
The Ann Arbor Art Fair is the largest juried art fair in the country. Its footprint takes over the city for three days each July.
Detroit police have arrested a 16-year-old who they believe opened fire at a playground.
Photos obtained by CBS News Detroit from Thanedar show a red "X" drawn over Thanedar's face and the words "racist," "ceasefire and "Free Palestine" painted on the building.
Police are investigating a vehicle crash that killed a 4-year-old boy on Monday on Interstate 75 in Detroit.
A slight and marginal chance of severe weather is possible on Tuesday afternoon and evening in Southeast Michigan.
Vice President Kamala Harris announced $100 million in funding for auto parts manufacturers to prepare their facilities for electric vehicle production.
United Auto Workers union members at Stellantis' Warren Stamping Plant voted on Monday to authorize a strike over health and safety concerns.
The Ann Arbor Art Fair is the largest juried art fair in the country. Its footprint takes over the city for three days each July.
United Auto Workers union members at Stellantis' Warren Stamping Plant voted on Monday to authorize a strike over health and safety concerns.
Members of UAW Local 869 are scheduled to vote on May 6 over safety concerns at the plant.
Technology originally developed for homeland security is now available in Michigan to inspect every inch of your car. Developers say UVeye is like getting an MRI for your vehicle.
A bill introduced to the Michigan Legislature is looking to decrease noise pollution around Metro Detroit, more particularly along Woodward Avenue.
Ford Motor Co.'s first-quarter net income fell 24% from a year ago as the company's combustion engine vehicle unit saw revenue and sales decline.
'Bob Hearts Abishola', the acclaimed comedy, is signing off after its fifth season on CBS.
Tom Brady took his share of barbs from comedians, former teammates and his longtime coach during a made-for-streaming comedy live event on Netflix -- but one joke seemed to anger him.
Bernard Hill died Sunday at 79. The actor was known for his roles in "Lord of the Rings" and "Titanic."
"Sunday Morning" has an exclusive behind-the-scenes look at the creation of the country singer's first post-stroke song, "Where That Came From," which blends art with artificial intelligence in a recording that captures Travis' country heart.
We're counting down some of the most iconic Met Gala looks from the best dressed stars, like Rihanna, Bad Bunny, Zendaya and more.
The 82-year-old senator from Vermont announced in a video posted on social media that he will seek a fourth term in the Senate.
Judge Juan Merchan said former President Donald Trump violated his gag order on April 22 when he commented on the political makeup of the jury.
Columbia University said Monday it is canceling its main commencement ceremony after weeks of protests and turmoil on campus.
A church service in North Braddock, Pennsylvania, was upended Sunday when a man pulled a gun on the pastor in the middle of his sermon.
South Dakota Gov. Kristi Noem has been under fire for details about killing her dog and a false claim about meeting with North Korea's leader in her new book.
The Texas dairy worker infected by H5N1 "did not disclose the name of their workplace," frustrating investigators.
Actress Halle Berry joined with a group of bipartisan senators on Thursday to announce new legislation to promote menopause research, training and education.
The Washtenaw County Health Department says the bat was found in the 48108 zip code.
In a neighborhood longing for access to nutritious foods, customers and staff couldn't contain their excitement as the doors finally opened Wednesday at the Detroit People's Food Co-Op.
Plaintiffs have three months to vote on whether to approve a proposed legal settlement that would resolve nearly all talc lawsuits.
Detroit will officially debut its uniforms at Comerica Park on Friday against the Houston Astros.
Here are the different ticket options fans can now purchase for the 2024 Rocket Mortgage Classic.
Tom Brady took his share of barbs from comedians, former teammates and his longtime coach during a made-for-streaming comedy live event on Netflix -- but one joke seemed to anger him.
It was just the 10th Kentucky Derby decided by a nose, and the first since Grindstone wore the garland of red roses in 1996.
Detroit City FC continues their road trip with a matchup against Loudoun United FC this Saturday in Virginia.
The roundtable discusses mobility and the importance of marque events like the 2024 NFL Draft, the Detroit Auto Show and more.
By the time this presidential race is over, Biden, Trump and their entourages may not need Michigan driver's licenses, but they'll know their way around and where the orange barrel construction zones are enough to void them on their way to campaign events.
The Motor City is putting the final touches in place for the 2024 NFL Draft as it rolls into Detroit next week.
Michael Bickers, Regional President of PNC Southeast Michigan/Detroit, and Eric Poe, CEO of CURE Auto Insurance, appeared on CBS Detroit's Michigan Matters.
Businesses across Michigan are feeling optimistic about the future after weathering the historic 100-year health pandemic that impacted every company in one way or another.
Hamas approved a cease-fire proposal from Egypt and Qatar. Javed Ali, associate professor of practice at the University of Michigan, joined CBS News Detroit to weigh in.
Ann Arbor Art Fair organizers held a preview event for community members on Monday. The event is the largest juried art fair in the country. Its footprint takes over the city for three days each July.
Showers and storms are possible later in the day Tuesday, along with a risk of severe weather. Here's a full breakdown of what we expect.
Detroit police have arrested a suspect in a shooting last week that left two women and two children injured.
Republican Congresswoman Marjorie Taylor Green may force a vote to oust House Speaker Mike Johnson this week.