Taxes

Income Taxes Local, State, and Federal income taxes are taxes that are removed from your paycheck by the government based on the total income that an individual makes in a given year. Not all local or state governments impose income taxes, but the state of Michigan does. Tax returns are documents where an individual reports how much they have earned in income for the previous tax year and how much they paid in taxes that year. When reporting, individuals may: Owe the government more taxes; Be owed a tax refund from the government; or Not owe or be owed anything. If you o...