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      July 20, 2018

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Tax Relief in Michigan

Michigan MapMichigan 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.

 

Dearborn voters face choice: New tax or higher water bills

"That's not an option." Rick Petrucha, treasurer and tax expert at the Michigan Tax & Accounting Professionals, is not a Dearborn resident but said he would opt for the millage in the hope of getting ...

Published:  Thu, 19 Jul 2018 14:45:00 GMT



Tax to support all Ottawa County public schools headed to ballot

HOLLAND, MI - Voters will decide in November if the public schools in the Ottawa Area ISD (OAISD) will receive an extra $220 per student to support their students. The Ottawa Area ISD School Board vot...

Published:  Thu, 19 Jul 2018 08:12:00 GMT



Michigan's Initial Reaction to the 2017 Federal Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act included significant changes to the manner in which foreign-sourced income is taxed. The Michigan Department of Treasury (the "Department"), like other state taxing authoriti...

Published:  Mon, 16 Jul 2018 15:03:00 GMT



Tax breaks sought for Michigan-Broadway project

Michigan-Broadway LLC is seeking slightly more than $200,000 in tax breaks from the Erie County Industrial Development agency to kick-start a $6.6 million project. The ECIDA will hold a July 30 public ...

Published:  Wed, 18 Jul 2018 11:02:00 GMT



Report knocks Oregon property tax system

SALEM - A new report from the Center for Budget and Policy Priorities is critical of Oregon's property tax limits, which could be a target of reform in 2019. The new report, released Wednesday, examin...

Published:  Wed, 18 Jul 2018 19:42:00 GMT



NJ water tax proposed, can air be far behind

Now they are trying to hype this new tax proposal with scares of what happened in Flint, Michigan and how it could happen here in New Jersey if we don't do something. Why did the public utility franch...

Published:  Thu, 19 Jul 2018 10:44:00 GMT



Budget cuts loom if income tax proposal fails

"We don't really have a choice here," said Councilwoman Ruth Beier. "Because of the Headlee Amendment and Michigan's Constitution, we cannot raise our property taxes much higher than they are right no...

Published:  Thu, 19 Jul 2018 07:34:00 GMT



Michigan gubernatorial candidate Shri Thanedar betting on himself - and progressive platform

To address economic inequality, he plans to move Michigan to a graduated income tax system and raise the minimum wage to $15/hour. He also supports affordable child care, paid family leave, equal pay ...

Published:  Thu, 19 Jul 2018 06:39:00 GMT



Low-income Detroiters can apply for tax relief, foreclosure prevention

DETROIT, MI - Detroit is taking steps to ensure more low-income homeowners can stay in their homes by inviting them to apply for tax relief and allowing people to buy back houses in foreclosure. As of ...

Published:  Tue, 10 Jul 2018 18:54:00 GMT



Michigan Dems spar over corporate money in 2nd, final debate

Democrats running for Michigan governor have held their second and final televised ... answered questions about business taxes, roads, tariffs and abortion rights. The candidates were asked if they co...

Published:  Thu, 19 Jul 2018 19:19:00 GMT



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