A new study by the Tax Foundation shows Michigan residents could see significant tax savings under a proposed federal tax plan, with Ingham County residents potentially saving around $2,700.
- Michiganders could save an average of $3,151 in federal taxes filed in 2026 under the “One Big Beautiful Bill” proposal.
- The plan includes no tax on tips, no tax on overtime, no tax on car loan interest, and a new deduction for seniors.
- The proposed deductions would be temporary, available from 2025 through 2028 for those meeting income requirements.
I spoke with local residents and financial experts about how these potential tax changes could impact Mid-Michigan families.
WATCH: Proposed tax cuts could put thousands back in Mid-Michigan residents’ pockets
Tax plan could put over $3,000 back in Michigan taxpayers’ pockets
The Tax Foundation, a nonpartisan tax policy nonprofit, has analyzed the “One Big Beautiful Bill” proposal and found that Michigan residents could see substantial tax savings.
“That would be good because if you’re part of a certain income, part of your social security is taxable,” Joann Depeel said…