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Tax Relief in Michigan

Michigan residents tend to fare well when looking at various dimensions of taxes collected within the state. For example, the state's flat-rate individual tax of 4.25% is 11th lowest among all states that collect personal income taxes. Additionally, an average of $688 per person is collected annually in both state and local income taxes, ranking Michigan 18th lowest in the nation.

Michigan is also is 28th when it comes to federal income taxes collected; the statewide average of $9,475 is lower than the national average by more than $2,000. Even when looking at property taxes, Michiganders pay an average of $1,374 per person, ranking 21st highest in the United States.

However, Michigan has the 17th lowest median household income in the nation at $48,801, and experienced the second-largest decline in income at 24.3%. These financial struggles have led many state residents to choose tax relief in an attempt to manage their debt.

Michiganders are feeling the stress of owing local and federal tax authorities, and the accompanying threats of property seizure and wage garnishment. As the April 15 deadline to file taxes looms, Michigan residents living paycheck-to-paycheck are unlikely to have money set aside in savings to cover their tax obligations. Most people choose to meet their immediate, urgent needs - such as groceries, utilities, rent, and gas for their cars - rather than saving up to pay local, state, and federal tax bills.

Tax relief companies can provide residents with an alternative to such pressures. These companies work with clients' outstanding tax debts and can often reduce such debt in significant ways. Experts in tax relief have a number of strategies by which they can help clients with their overall tax burdens, such as reviewing and amending tax returns, investigation of tax levies and liens, and negotiating penalty abatement.

 

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Tax Relief In The News

Alcohol industry pushes lawmakers to uncork excise tax relief

The alcohol industry is pressing Congress to make permanent the excise tax relief it received under the Republican tax law. The measure President Trump Donald John Trump Oregon governor to face state rep in November Ashford, Eastman neck and neck in ...

Published:  Wed, 16 May 2018 03:00:10 GMT



Now: Pensions renews tax relief top-up

Workplace pension provider Now: Pension will be topping up pension pots of non-taxpayer members, to make up for the income tax relief shortfall, for the 2017 to 2018 and 2018 to 2019 tax years. Currently, as many as 300,000 low paid earners are being ...

Published:  Tue, 15 May 2018 03:33:00 GMT



Tax Relief Associates provides an insight into one of the IRS tax relief programs

SAN DIEGO, May 15, 2018 (GLOBE NEWSWIRE) -- When couples file a joint tax return, each individual is liable for an equal payment of all taxes including penalties and interest for that given year. In the case of divorce or a divorce decree stating that one ...

Published:  Tue, 15 May 2018 15:46:00 GMT



IRS offering tax relief for Greensboro, Guilford County residents affected by tornado

GREENSBORO - The Internal Revenue Service has announced tax relief for those in Greensboro and Guilford County affected by the April 15 tornado. The move comes as a result of President Trump approving a disaster declaration Tuesday for those areas ...

Published:  Fri, 11 May 2018 12:35:00 GMT



Pot may provide tax relief for new school in Easthampton

EASTHAMPTON - Proponents of recreational marijuana have long touted the tax benefits of legalization. Now Easthampton may use those benefits to address rising property taxes. Introduced by Councilor Owen Zaret, a resolution referred to the City Council ...

Published:  Fri, 18 May 2018 20:28:00 GMT



Peter Costello praises budget for delivering tax relief to the 'forgotten people'

Former treasurer Peter Costello has heaped praise on the Turnbull government's $140 billion income tax cuts for delivering tax relief to the "forgotten people", but cautioned it may never be realised. Last week, Mr Costello threw a hand grenade into the ...

Published:  Sun, 13 May 2018 18:00:00 GMT



Yes on Prop. 72 for water and tax relief

Proposition 72 is a rare, commonsense tax relief proposal coming out of Sacramento. As such, we recommend voters approve it. Currently, homeowners who install rainwater capture systems in their yards face higher property tax bills, which effectively ...

Published:  Tue, 08 May 2018 13:30:00 GMT




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