Inflation relief checks like Michigan proposal might not be taxed.
Michigan Economy - Lehto Live • 15m
On Monday, February 13 Governor Whitmer and Michigan and Democratic leaders announced that they pushed for a plan that includes sending inflation relief checks of 180$ to taxpayers. Yet, it has not been determined whether that money would be taxed by the federal government yet. Edward Karl, vice president of tax policy and advocacy for the American Institute of CPAs contended that American Taxpayers should wait for IRS guidance on this issue.
Up Next in Michigan Economy - Lehto Live
-
$946 Million Spending Bill Approved b...
A supplemental spending bill will allocate 200$ million dollars for the revitalization of the Escanaba paper mill located in the upper peninsula of Michigan. Hence, reviving the economic status of the area and offering more job opportunities for its residents. The remaining funds will go to busin...
-
Judge OKs $20M Deal Over Jobless Aid ...
Join Steve for a daily discussion of Michigan topics! Today on Lehto Live, Steve talks Judge approves settlement in Michigan Unemployment case.
-
The Current State of Startups in Detr...
Join Steve for a daily discussion of Michigan topics! Today on Lehto Live, Steve talks the current state of Detroit Startups.
