Wait, Democrats and Republicans can actually agree on something? Well, every Democrat and Republican running for governor of Michigan at least. The Michigan “Pension Tax”, is so unpopular with Michigan retirees, that it actually brought together people on both sides of the political spectrum. Democrat Gretchen Whitmer and Republican Bill Schuette both campaigned for eliminating the pension tax during the 2018 governor race. Governor Rick … Continue reading Analyzing The 2019 Proposal to Eliminate the Michigan Pension Tax
Anyone who does their own taxes has been there before. The moment you input all of your taxes, hit the submit button, and close your eyes and hope that you don’t owe money. Taxes are pretty simple. Have enough withheld throughout the year and you won’t owe any during tax time, and may even get a refund. Don’t have enough taxes withheld, and you may … Continue reading Michigan Retiree: Get a Bigger Tax Refund
I’m writing this is the midst of another “polar vortex”. The car read negative twelve as I made my way through the icy wonder that is Michigan in February. The conversation with my parents at their Florida home didn’t help much either. I’m sorry that you can’t use the pool for a few days because it has been getting a little chilly at night. It … Continue reading Michigan Snowbird: Should You Make Florida Your Primary Residence?
New Michigan Governor Gretchen Whitmer promised that she would eliminate the Michigan retiree pension tax on the campaign trail. This would be fantastic for Michigan retirees. However, we all know that many promises on the campaign trail don’t always equate to more money in our pockets. For a recap on Michigan state taxes in retirement, read my post here. There are ways to reduce, or … Continue reading 6 Ways to Lower Your Michigan State Taxes in Retirement