Do you use PayPal or Venmo? The IRS is giving you a break.

Tax agency also said it will boost the reporting threshold to $5,000, from $600, in 2024 as it phases in the new regulation.

• Nov 22, 2023

Michigan taxpayers to receive income tax reduction next year

The 2015 law 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.

• Mar 30, 2023

Gov. Snyder Talks Accomplishments After 6 Months In

It's been six months since Governor Rick Snyder took office, so what does he think of his progress so far?

• Jul 2, 2011

Snyder: Tax Reform Passage A Victory For Michigan

Governor Rick Snyder calls the passage of his tax reform bill a big victory for Michigan and for businesses in the state.

• May 13, 2011

Gov.'s Budget Cuts Would Severely Affect Detroit

If Governor Rick Snyder's proposed cuts to tax credits and incentive programs gets approved, what does that hold in store for Detroit?

• Mar 12, 2011

Republicans Explore 'Hybrid Pension Tax'

Unable to pass Governor Rick Snyder's controversial pension tax, Senate Republicans are now exploring new options to create revenue.

• Mar 11, 2011

Debate Continues On Gov. Snyder Business Tax Cut

The Snyder administration is stepping up efforts to push for a major business tax cut, along with budget cuts and other reforms.

• Mar 10, 2011

Senate Passes Emergency Financial Manager Legislation

The Michigan Senate has approved bills that would give broad new powers to emergency financial managers over objections of union members.

• Mar 9, 2011

Republicans Look For Alternatives To Pension Tax

Republicans in Lansing are setting aside time to discuss alternatives to part of Governor Rick Snyder's budget and tax reform proposals.

• Mar 8, 2011