Tax Changes

By: Lori Dougovito
By: Lori Dougovito

It may not amount to much, but tax preparers say there have been some changes made that you should be aware of come tax time.

Married couples filing jointly can deduct close to two thousand dollars more than they could last year, the child tax credit has increased to three thousand dollars and now business owners can deduct 100% of their insurance costs compared to the 75-percent they could deduct last year.

Also, be prepared to see a push for electronic filing, or e-file. The Michigan Department of Treasury is promoting it as a way to cut costs for the state and to save processing time to make up for decreased seasonal staff.


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