As the old saying goes: When something sounds too good to be true, it probably is. Taxpayers with outstanding tax bills might be tempted by businesses who advertise and offer to help them reduce their tax debt. These businesses, often called Offer in Compromise mills, make huge claims about reducing unpaid taxes for pennies on the dollar. Unfortunately, these companies sometimes don't deliver and charge large fees.

More from the IRS Newsroom:  ​Companies who promise to eliminate tax debt sometimes leave taxpayers high and dry | Internal Revenue Service (irs.gov)

Taxpayers who want to check their account information including balance, payments, tax records and more, can log into their IRS online account. 

Taxpayers can view:
• Their payoff amount, which is updated for the current day
• The balance for each tax year for which they owe taxes
• Their payment history
• Key information from their most current tax return as originally filed
• Payment plan details if they have one
• Digital copies of select IRS notices
• Economic Impact Payments if they received any
• Their address on file
And, more. 

Signed into law on June 22, 2022 by Governor Ige, Act 114 increases the minimum wage from $10.10 per hour to $12 an hour starting October 1, 2022. 

That is just the beginning.  Further increases are coming:  The new minimum wage will be increased further to:

• $14 per hour starting Jan. 1, 2024
• $16 per hour starting Jan. 1, 2026, and
• $18 per hour starting Jan. 1, 2028

​
Economic Outlook: 

1. Increased income to workers and their families. 
2. Increased prices for goods and services due to increased wages. 
3. Inflation will continue.