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Michigan’s scheduled minimum wage increase not expected to go into effect next month The Michigan Bureau of Employment Relations, Wage and Hour Division announced that the state’s scheduled minimum wage increase is not expected to go into effect on Jan. 1, 2021. Michigan’s Improved Workforce ...

The Social Security Administration doesn't just give away benefits at random. Rather, the monthly benefit you're entitled to in retirement will be calculated by taking your average monthly wage, adjusted for inflation, over your 35 highest-paid years in the workforce, and then applying that number ...

IRS Reminds Taxpayers of Special Charity Deduction without Itemizing The CARES Act includes several temporary tax changes helping charities, including the special $300 deduction designed especially for people who choose to take the standard deduction, rather than itemizing their deductions. The ...

Why they should slow down Small businesses that took a forgivable loan this year — as well as their banks — can't wait to have the balance wiped out, but tax professionals are telling them to slow down. The CARES Act, which went into effect this spring, established the Paycheck Protection Program, ...

Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 1.3 percent in 2021, the Social Security Administration announced today. The 1.3 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 64 million ...

Here’s what you need to know and how it affects you. Who is eligible for unemployment? More than 36 million people recently filed for unemployment benefits in the wake of the COVID-19 pandemic. Are you eligible for unemployment benefits? According to the U.S. Labor Department, you can file for ...

As Michigan businesses begin to reopen, employers are urged to utilize the State’s Work Share program which helps employers experiencing economic pain due to COVID-19 retain their workforce and bring back employees from lay-off as they restart their businesses. “As we begin the safe reengagement of ...

You have until 12 p.m. Wednesday to give the IRS your bank information. IRS sets noon May 13 deadline to submit direct deposit information to avoid waiting for a mailed stimulus check The IRS says 130 million stimulus payments worth more than $200 billion have been sent out. But for the millions of ...

This form is intended to assist the federal government in knowing where to send the cash for those who don’t normally file. WASHINGTON — People who don't normally file tax returns but want to receive a coronavirus stimulus payment finally have a clear way to get their information to the federal ...

Check IRS.gov for the latest information: No action needed by most people at this time IR-2020-61, March 30, 2020 WASHINGTON — The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be ...