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Tag Archive for: EITC

Governor Whitmer signs legislation phasing out retirement tax & raising working families tax credit

March 11, 2023/in Uncategorized/by Stephanie Hendon

Check out our recap of the recently signed legislation that will phase out the state’s retirement tax over four years, as well as raise the Michigan Working Families Tax Credit to match the federal Earned Income Tax Credit. Click the image below to learn more.

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Receiving an Earned Income Tax Credit for 2022?

February 13, 2023/in Uncategorized/by Stephanie Hendon

Did you know that proposed changes to the Michigan Earned Income Tax Credit (EITC) could result in a 5x increase to your state tax credit for 2022, if enacted as proposed? We encourage you to ask one of our tax professionals what this might mean for you!

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