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Some have warned the changes would put the state’s pension at financial ri ... 2025 at 2:00 PM ... The Senate also passed a package of bills in December which would propose significant changes ...
Changes to Social Security and Medicare Roughly a quarter of retirees rely almost solely on Social Security to meet their financial needs, according to the Social Security Administration.
One Michigan retiree is stumped by his tax software when trying to use new pension tax rules for Michigan, ... Michigan's tax change went into place on Feb. 13, he said, and some tax software ...
The infusion will raise the pension fund's status to more than 60% funded, up from 34.3% funded as of 2022, according to Tom Lutz, president of the Michigan Regional Council of Carpenters and ...
(The Center Square) – After failing to compromise in the final days of the Michigan lame duck session in 2025, Republicans and Democrats have proposed legislation to restore tipped wages and ...
LANSING — Gov. Gretchen Whitmer's 2025 state budget proposes adding about 588 full-time employees to the payroll and would bring the authorized state ... said the Michigan Department of ...
For the 2024 and 2025 tax years, your Social Security income isn’t taxed if your income falls below the following thresholds: $75,000 for married couples filing separately $100,000 for single or ...
Michigan. Michigan’s flat state income tax rate rose for 2024 to 4.25%, and the law surrounding the state’s pension deduction also changed, as part of a phaseout of the state’s three-tier ...