Waiting for your Michigan tax refund? Here’s what the state has to say.
Delays in Michigan State Tax Refunds Thursday marks one month since tax returns started being accepted by both the federal government and the state of Michigan. Recently, 7 News Detroit has been inundated with emails from people concerned about the delays in receiving their state refunds. One individual noted, “While my federal refund has already […]
Mark Ruffalo receives criticism for supporting the ‘Tax the Rich’ campaign.
Mark Ruffalo Faces Criticism for “Tax the Rich” Support Mark Ruffalo is encountering backlash after endorsing the “Tax the Rich” campaign. On February 24, the 58-year-old actor posted a video urging New York Governor Kathy Hochul to raise taxes on billionaires and large corporations to address affordability issues in the state. In the video, he […]
Living by yourself could lead to a financial burden of nearly $1 million in ‘singles’ tax.
Many married individuals or those in long-term relationships might have lost sight of the fact that, well, living alone can be quite costly. Are you actually aware of how much more you’re footing the bill? Housing expenses can really add up, whether you’re away on vacation or dining out; things just generally cost more when […]
Eventually, tariffs will take the place of income tax.
Trump Envisions Tariffs Replacing Income Tax During his State of the Union address on Tuesday, President Donald Trump suggested that “foreign-paid” tariffs might ultimately take the place of the contemporary income tax system. “Countries that have cheated us for years are now funneling hundreds of billions back to us,” he stated. “They were deceiving us. […]
Trump criticizes Democrats regarding tax cuts in the State of the Union address.
Trump Criticizes Democrats in State of the Union Address In his first official State of the Union speech for his second term, President Trump focused on tax reforms and took aim at Democrats for opposing his key legislative proposals. He asserted that the nation is on a path to prosperity, stating, “Together, we are building […]
Believe an old tax problem is resolved? The IRS disagrees.
IRS Voluntary Disclosure Program: An Important Discussion Terry Garton initiated a conversation about the ongoing staffing difficulties at the IRS, particularly as the tax filing season approaches. He posited that now might be a critical time for the public to focus on the IRS Voluntary Disclosure Program (VDP). Valerie Makarewicz emphasized the significance of timely […]
Don’t miss out on potential savings: Changes to the major bill could impact your tax return.
The 2026 tax season has brought about several changes that may impact refunds, leading many taxpayers to seek professional assistance to avoid missing out on potential funds. “The absence of taxes on overtime and tips is significant,” Moore stated. Phones are busy and appointments are being filled as LaToya Moore, owner and CEO of A […]
That ‘tax loophole’ could explain why America continues to manufacture products
Understanding Tax Policies Amid Political Debate As President Trump prepares for his State of the Union address, legislators will likely cheer his emphasis on economic strength, innovation, and competitiveness. However, many of these same politicians often criticize the very policies that enable these aims, particularly targeting what they describe as “tax loopholes,” which are frequently […]
Tax issues on the horizon for IRAs and 401Ks exceeding $200,000
Retirement Tax Risks with IRA and 401K Accounts Holding more than $200,000 in a traditional IRA or 401K could lead to significant tax challenges in retirement, warns financial advisor Ryan Tucker. “The issue revolves around taxes, which could become increasingly problematic if no action is taken,” adds Tyson Tucker. For most traditional IRAs and 401Ks, […]
The harsh reality: Why tariffs and tax reductions cannot keep pace with America’s growing debt
Understanding America’s Debt Dilemma Every four years, there’s this surge of hope in America, as people dream about a new president who will turn things around, particularly the federal deficit. Republicans argue that economic growth can outpace debt, while Democrats believe that taxing the wealthy is the answer. Meanwhile, the U.S. debt clock keeps spinning, […]