tax credit

Gov. Gretchen Whitmer says she's waiting on full guidance from the U.S. Treasury before making a decision on opting into the program that opponents say will likely primarily benefit private schools.

Starting in 2027, the federal Education Freedom Tax Credit will give parents a dollar-for-dollar tax credit of up to $1,700 for cash donations made to approved organizations.

Michigan House Speaker Matt Hall says he will soon roll out plans soon to reduce real estate and property taxes without cutting funds for schools and local governments.

The IRS says Michigan households claimed $134 million in IRA clean energy tax credits last year. A pro-electrification non-profit says that's just the beginning.

Governor Gretchen Whitmer proposed the tax credit in her 2024 State of the State address, but state lawmakers have not moved the issue forward.

New Rules could make it hard for Americans to find EVs that qualify for the $7,500 federal tax credit and slow the the shift to electric vehicles nationwide.

The Home Heating Credit is to help low-income families pay some of their heating expenses.

More details are expected Monday from Governor Gretchen Whitmer and the Legislature’s Democratic leaders on a package to help taxpayers deal with the rising cost of living. The state has a surplus and the plan they outlined Friday is expected to include targeted tax rollbacks and rebate checks for residents.

When Michigan lawmakers adjourned this week, they left many priorities sitting on the table. That includes an expansion of the Earned Income Tax Credit.

The push is on to get Michigan parents with children under 17 years old to file their federal tax forms to qualify for an expanded child tax credit. The…