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Michigan Deductions

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Michigan Deductions



The following subtractions are claimed on your Schedule 1; total subtractions are carried forward to your MI-1040. The Schedule 1 line reference follows the subtraction listed below.

Income from U.S. government obligations (Series EE Bonds, Treasury notes, etc.)

Military, Michigan National Guard and taxable railroad retirement benefits

Gains from federal column of Michigan MI-1040D and MI-4797

Income attributable to another state

Compensation received for active duty in U.S. Armed Forces and taxable Social Security

Renaissance zone deduction

Michigan state and city income tax refunds and homestead property tax credit refunds

Contributions made to accounts established through MESP

Contract price for a MET contract

Charitable contributions to MET programs

Gross income from Michigan oil and gas activity and nonferrous metallic minerals extraction

Exempted Resident tribal member income

Michigan NOL

Amount used to determine the credit for elderly or totally and permanently disabled from U.S. Form 1040 Schedule R

Holocaust victim payments

Michigan Standard Deduction

Qualifying retirement and pension benefits. See Pension Schedule (Form 4884)

Dividends, interest, and capital gains for senior citizens

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Views: 1037 Created on: Jun 15, 2013
Date updated: Jan 04, 2019
Posted in: States, Michigan

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