Michigan adjusts its exemptions for inflation every three years. The revised 2023 amounts were published by the Michigan Department of the Treasury on January 25, 2023. They apply to cases filed on or after April 1, 2023, and are summarized here. The total increase for the period is 13.96% Michigan Bankruptcy Exemptions Inflation Adjustments 2023
Nebraska Inheritance law gets an upgrade for 2023
Nebraska is one of a handful of states that requires inheritors to pay the county inheritance taxes on the amounts they inherit if over a certain amount. However, far fewer people will be affected by this tax after 2023 and beyond thanks to LB 310 which significantly changed Nebraska inheritance law, as of 2023. Here […]