The Credit for Caring Act, if passed, would provide up to a $5,000 federal tax credit for eligible working family caregivers.
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And with state government steaming toward an eighth consecutive massive surplus, tax relief normally would be a foregone ...
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Michigan taxpayers hit by storms in August 2023 might have good reason now to amend those returns. How they might claim a personal casualty loss.
But the cost to the state would be hefty: an estimated $334 million in the short term and over $200 million annually afterwards, according to a nonpartisan fiscal analysis.