Name:
Location: Westland, Michigan, United States

Graduate of Walsh Institute Of Accountancy (Now Walsh College) Michigan in 1959. Retired in 1987, but still active in the profession **World War II Veteran (Pacific) **PHONE 734-261-1979 **E-MAIL -cpabakem01@yahoo.com **(Domain Name CPASENSE Registered) **Mentioned in the Journal of Accountancy, SmartPros, Tax Prof Blog, CPA2BIZ, CPA Journal, AccountingWEB, CPATrendlines & More **Search Accounting Blogs: http://www.blognetnews.com/accounting (Includes cpasense)**TOPICS - FINANCE - FEDERAL & MICHIGAN TAXES ** Making Sense Of Your Finance & Taxes

Sunday, February 15, 2009

New Michigan EITC Highlights Available Tax Relief

For the first time, Michigan taxpayers who claim the Federal Earned Income Tax Credit on their 2008 federal tax return are eligible to claim a Michigan Earned Income Tax Credit for 2008.

"Individuals who qualify for the Federal EITC will be able to claim a Michigan credit equal to 10 percent of their Federal credit," said State Treasurer Robert J. Kleine. "It is estimated that about 20 percent of those who qualify for the Federal EITC fail to claim it, and therefore miss out on tax savings.".......

Michigan Treasury