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Tax Relief Train Chugs into Michigan Station
Governor Gretchen Whitmer, wearing the hat of Michigan’s financial fairy godmother, has waved her magic wand to bring tax cuts to the Wolverine State. Starting with the opening of the federal and state individual income tax season, she’s putting extra cash in the pockets of working families and retirees. It’s not just small change either – we’re talking about a rollback of the retirement tax and a significant bump in the Working Families Tax Credit. This isn’t just a fiscal policy; it’s a fiscal party!
File Now or Cry Later
The time for Michiganders to act is now, with electronic filing options at the ready. The deadline is April 15, 2024 – a date as dreaded as a dentist appointment, but potentially much more rewarding this time around. Remember, the early bird gets the tax break worm. And, if you’re one for nostalgia, mailing paper forms is still a thing.