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Do you use PayPal or Venmo? The IRS is giving you a break.
Tax agency also said it will boost the reporting threshold to $5,000, from $600, in 2024 as it phases in the new regulation.
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Tax agency also said it will boost the reporting threshold to $5,000, from $600, in 2024 as it phases in the new regulation.
The 2015 law provides a mechanism to reduce the income tax rate when the percentage increase in the general fund exceeds the inflation rate during a fiscal year.
It's been six months since Governor Rick Snyder took office, so what does he think of his progress so far?
Governor Rick Snyder calls the passage of his tax reform bill a big victory for Michigan and for businesses in the state.
If Governor Rick Snyder's proposed cuts to tax credits and incentive programs gets approved, what does that hold in store for Detroit?
Unable to pass Governor Rick Snyder's controversial pension tax, Senate Republicans are now exploring new options to create revenue.
The Snyder administration is stepping up efforts to push for a major business tax cut, along with budget cuts and other reforms.
The Michigan Senate has approved bills that would give broad new powers to emergency financial managers over objections of union members.
Republicans in Lansing are setting aside time to discuss alternatives to part of Governor Rick Snyder's budget and tax reform proposals.
Former Arizona Rep. Gabby Giffords will visit Michigan this weekend as part of Vice President Kamala Harris' campaign trail.
National Park Service officials say a Wisconsin man was scuba diving and exploring the Emperor shipwreck in Lake Superior when a diving incident happened, causing his death.
Local animal shelters are seeing a significant increase in the number of pet owners looking to surrender their pets.
Multimillionaires are much happier than the merely well off, suggesting life satisfaction continues to improve the wealthier you are.
Michigan State Police is investigating after an undercover detective was shot at while driving in Detroit.
Former Arizona Rep. Gabby Giffords will visit Michigan this weekend as part of Vice President Kamala Harris' campaign trail.
The man arrested in the fatal shooting of Melvindale police officer Mohamed Said was arraigned Thursday.
National Park Service officials say a Wisconsin man was scuba diving and exploring the Emperor shipwreck in Lake Superior when a diving incident happened, causing his death.
Local animal shelters are seeing a significant increase in the number of pet owners looking to surrender their pets.
Multimillionaires are much happier than the merely well off, suggesting life satisfaction continues to improve the wealthier you are.
Stellantis CEO Carlos Tavares pledged action to tackle problems in North America and elsewhere after reporting a plunge in first-half earnings.
Ford will make its F-Series Super Duty pickups at a plant in Ontario, Canada beginning in 2026 in order to keep up with customer demand for the vehicle.
The Biden administration is awarding $1.7 billion to 11 "shuttered or at-risk" facilities in Michigan, Ohio, Pennsylvania, Georgia, Illinois, Indiana, Maryland and Virginia, to bolster electric vehicle production.
Throughout the next year, dozens of new zero-emission buses will be hitting the pavement in the city of Detroit, all thanks to a $30.8 million federal grant.
The company said the temporary layoffs will impact about 1,600 workers for the month of July.
Hundreds of the nation's top athletes will represent Team USA in Paris at the 2024 Olympics.
The last surviving original member of the Four Tops has died.
Connor Stalions is set to share his side of the story from an alleged sign-stealing scheme within Michigan's football team before the Wolverines went on to win the national championship.
Bob Newhart, who starred in the long-running sitcoms "The Bob Newhart Show" and "Newhart," has died at age 94.
Nominations for the 76th annual Emmy Awards were announced Wednesday, with "Shōgun," "The Bear," "Hacks," "Only Murders in the Building" and "Baby Reindeer" all earning multiple major nods. See the full list of nominees for the 2024 ceremony here.
Multimillionaires are much happier than the merely well off, suggesting life satisfaction continues to improve the wealthier you are.
Former Kansas City Chiefs defensive lineman Isaiah Buggs has been convicted on two counts of misdemeanor animal cruelty charges.
Amid a widening listeria outbreak, Boar's Head is recalling all of its liverwurst products sold nationwide, as well as some deli meats.
Former Sangamon County Sheriff's deputy Sean Grayson has been charged with first-degree murder in Massey's death.
One week after the global computer outage, Windows systems are nearly fully operational, according to CrowdStrike.
Amid a widening listeria outbreak, Boar's Head is recalling all of its liverwurst products sold nationwide, as well as some deli meats.
Local businesses around Metro Detroit are taking the initiative to make their facilities more sensory-friendly.
Gov. Gretchen Whitmer has signed a law that would make it easier for people to be released from Michigan prisons if they're in debilitating health.
The now-recalled Diamond Shruumz gummies had been sold legally, but testing found they contained an illegal controlled substance.
Citing suspected links to a listeria outbreak, Canada's health agency has issued a recall notice for 18 plant-based drinks sold under the Silk and Great Value brands.
Former Kansas City Chiefs defensive lineman Isaiah Buggs has been convicted on two counts of misdemeanor animal cruelty charges.
Michigan and Washington shared the field at Big Ten Media Days on Thursday.
Hulk Hogan visited Detroit Lions practice and says coach Dan Campbell would have been good in the squared circle.
Hundreds of the nation's top athletes will represent Team USA in Paris at the 2024 Olympics.
This is what you need to know about when the 2024 Paris Olympics start and end, along with key games and events on the schedule.
With a red-hot election season on and 2024 past the halfway point, the focus is on business.
Gardner-White is a 112-year-old family-owned furniture retailer, and Stewart is the first female to serve as CEO of the company.
It's a focus on our physical well-being as we talk about the importance of oral health and its impact, particularly among children.
U.S. Energy Secretary Jennifer Granholm and U.S. Transportation Secretary Pete Buttigieg appear on CBS Detroit's Michigan Matters this Sunday.
The University of Michigan's Ross School of Business is celebrating its 100th anniversary this year.
ReJoyceful Rescue in Clinton Township is overwhelmed by the number of owners who have been surrendering their pets. Founder Michelle Hayza, said the animal crisis is putting a financial strain on the rescue and shelter and making it more difficult to care for the many animals with special needs.
Royal Oak's annual Pride festival kicks off this weekend, with events on Friday and Saturday. Tyler Beltz, host of "Ty's Take Today," and drag queen and activist Monique Madison joined CBS News Detroit to discuss the event.
Calling all stargazers! The Cranbrook Institute of Science is hosting an overnight event beginning at 6:45 p.m. on Saturday, Aug. 10, to view the Perseid meteor shower.
Meteorologist Kylee Miller has your weekend forecast.
The community of Melvindale lined up to pay their respects as hundreds of law enforcement from across the state of Michigan came together to escort fallen Melvindale police officer Mohamed Said for the final time.