income tax

Gov. Rick Snyder's administration on Monday proposed legislation to ensure that taxpayers do not see their state income taxes rise as a result of the federal tax overhaul, saying Michigan's personal exemption should be increased by $200 more than is scheduled.

 Lt. Will Milzarski
Michigan Veterans Affairs Agency

The IRS is asking a wounded veteran from Michigan to pay $62,000 in income taxes on the federal government's cancellation of his student loans.