Rep Hornberger applauds bills giving families seniors tax relief

first_imgMichigan House legislators have introduced a package of bills to provide substantial income tax relief for families and seniors.The bills continue and increase personal exemptions for Michigan taxpayers and their dependents on their income taxes, while providing additional relief for senior citizens.State Rep. Pamela Hornberger said she supports the three-bill package that will enable families, seniors and others to keep more of their earnings.“The federal tax reform enacted by Congress last month is definitely a step in the right direction,” said Hornberger, of Chesterfield Township. “Michigan continues to recover from the Lost Decade, but some families are still struggling to make ends meet, and they deserve significant state tax relief. Ensuring people can keep more of their hard-earned money will improve their quality of life.”House Bills 5420-5422, will:Ensure Michigan taxpayers can continue claiming personal exemptions on income taxes after federal tax reforms signed into law last month, and increases the state personal exemption from the current $4,000 to $4,300 for the 2018 tax year, with gradual increases reaching $4,800 for 2020;Certify taxpayers in Michigan cities with an income tax will continue to be able to claim exemptions if the city adopts a uniform ordinance; andHelp senior citizens in addition to the personal exemption increase by providing a $100 refundable income tax credit for a single filer age 62 or older – or $200 for joint filers. 18Jan Rep. Hornberger applauds bills giving families, seniors tax relief Categories: Hornberger News,News Legislator: Giving people a break will boost economy “This is common-sense reform that drives home the point that taxes don’t belong to the state, they belong to the people,” Hornberger said. “It’s time we eased the tax burden on families and seniors so they can thrive.”The bills were referred to the House Tax Policy Committee for consideration.###last_img

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